• Contact
  • About
  • Videos
  • Latest News
Monday, May 16, 2022
  • Login
No Result
View All Result
NEWSLETTER
YCNews
  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    How lucky are Indian children in the United States to get out of a "boarding school" alive?

    How lucky are Indian children in the United States to get out of a “boarding school” alive?

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Want to go to Mars? Solve these problems first.

    Want to go to Mars? Solve these problems first.

    Pakistan lifts TikTok's ban again

    Pakistan lifts TikTok’s ban again

    Facebook platforms have become a tool for inciting religious hatred in India

    Facebook platforms have become a tool for inciting religious hatred in India

    Trending Tags

    • Google
    • Apple
    • Microsoft
    • Xbox
    • Huawei
    • Science & Technology
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

    scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

    Schedule of the 2024 Paris Olympic Games announced

    Schedule of the 2024 Paris Olympic Games announced

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

    Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

    Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

    Messi was named IFFHS Player of the Best South American Player

    Messi was named IFFHS Player of the Best South American Player

    Countdown clock for the 2022 Qatar World Cup starts timing

    Countdown clock for the 2022 Qatar World Cup starts timing

    Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

    Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    8 cases of hepatitis in children with unknown causes were found in Argentina

    8 cases of hepatitis in children with unknown causes were found in Argentina

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

    Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

    Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

    Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

    6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

    6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

    Is another "pandemic storm" coming? WHO issued a warning!

    Is another “pandemic storm” coming? WHO issued a warning!

    10 employees of the Japanese sushi restaurant at Dubai World Expo are infected with COVID-19

    10 employees of the Japanese sushi restaurant at Dubai World Expo are infected with COVID-19

    Trending Tags

    • Home
    • World
    • Politics
    • Business
    • Science
    • Tech
      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      How lucky are Indian children in the United States to get out of a "boarding school" alive?

      How lucky are Indian children in the United States to get out of a “boarding school” alive?

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Want to go to Mars? Solve these problems first.

      Want to go to Mars? Solve these problems first.

      Pakistan lifts TikTok's ban again

      Pakistan lifts TikTok’s ban again

      Facebook platforms have become a tool for inciting religious hatred in India

      Facebook platforms have become a tool for inciting religious hatred in India

      Trending Tags

      • Google
      • Apple
      • Microsoft
      • Xbox
      • Huawei
      • Science & Technology
    • Entertainment
      • All
      • Gaming
      • Movie
      • Music
      • Sports
      scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

      scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

      Schedule of the 2024 Paris Olympic Games announced

      Schedule of the 2024 Paris Olympic Games announced

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

      Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

      Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

      Messi was named IFFHS Player of the Best South American Player

      Messi was named IFFHS Player of the Best South American Player

      Countdown clock for the 2022 Qatar World Cup starts timing

      Countdown clock for the 2022 Qatar World Cup starts timing

      Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

      Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

    • Lifestyle
      • All
      • Fashion
      • food
      • Health
      • Travel
      8 cases of hepatitis in children with unknown causes were found in Argentina

      8 cases of hepatitis in children with unknown causes were found in Argentina

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

      Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

      Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

      Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

      6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

      6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

      Is another "pandemic storm" coming? WHO issued a warning!

      Is another “pandemic storm” coming? WHO issued a warning!

      10 employees of the Japanese sushi restaurant at Dubai World Expo are infected with COVID-19

      10 employees of the Japanese sushi restaurant at Dubai World Expo are infected with COVID-19

      Trending Tags

      No Result
      View All Result
      YC News

      North American Observation丨 US Congressman accuses Mexico of obstructing US energy companies’ investment in Mexico Mexico’s response: never reached an agreement

      October 25, 2020
      in Business, World
      0
      △Lopez denies the existence of an agreement in the energy sector between Mexico and the United States

      Mexican media reported on October 24, local time that 43 members of the US Congress sent a letter to President Trump, accusing the Mexican government of obstructing the investment of US energy companies in Mexico, violating the spirit of the “U.S.-Mexico-Canada Agreement.”

      In response, Mexican President Lopez responded that day that the Mexican government under his leadership has never reached any agreement with the United States and Canada in the energy sector. The premise of the signing of the “U.S.-Mexico-Canada Agreement” is to protect Mexico’s complete sovereign rights.

      △ The content of the open letter from the U.S. conference member to Trump disclosed on the Internet

      This open letter, initiated by Texas Republican Senator John Corning and signed by 43 members of Congress, accuses the Mexican government of granting privileges to state-owned energy companies represented by Pemex, making them competitive Enjoy preferential treatment. At the same time, lawmakers said that regulatory agencies such as the Mexican Energy Regulatory Commission (CRE ) have interfered with US energy companies’ investment in Mexico by delaying the issuance or cancellation of permits.

      △Mexican Energy Regulatory Commission (CRE) is the agency responsible for the supervision and coordination of energy affairs of the Mexican Federal Government

      The letter mentioned that Mexican President López signed a memorandum in July this year, requiring Mexico’s energy regulators to use all resources within a functional framework to protect the two state-owned companies, Pemex and CFE. Energy giant. The letter also warned that Mexico’s ruling party, the National Renaissance Movement Party, is pushing the Mexican Parliament to amend the constitution, liquidate the energy reform led by former President Peña, and even try to cancel all existing energy contracts that are still in force. They worry that this series of intentions may undermine the certainty and fairness enjoyed by American companies operating in Mexico in the competition.

      Mexico is one of the first countries in the world to implement resource nationalization, and it is also the country that has implemented a state-owned monopoly over the oil and gas industry for the longest time. The operations of the two monopoly state-owned energy giants, Pemex and CFE, are directly related to Mexico’s national economy and people’s livelihood.

      The letter emphasized that the actions of the Lopez government threatened U.S. investment in Mexico, prevented U.S. companies from entering the Mexican market, and violated the spirit of the US-Mexico-Canada Agreement. The lawmakers reminded U.S. officials that Mexico is the largest export market for U.S. crude oil products, and demand for U.S. natural gas continues to grow. The integration of the energy markets of the three North American countries is not only in the interests of American energy companies, but also in the interests of Mexican workers and consumers.

      Mexico was once the fifth largest oil producer in the world, and it was known as “a country floating on the oil sea.” However, with the continuous decline of crude oil production, in recent years it has become more and more dependent on crude oil imports.

      In response to the accusations of US congressmen, Mexican President Lopez revealed on the 24th that the “U.S.-Mexico-Canada Agreement” was able to take effect after he took office because the United States and Canada agreed to revoke their previous cooperation with the former President Peña’s government in the energy sector. A series of agreements reached, these agreements made him feel “uncomfortable”, so he directly rejected the above content when restarting the negotiations. Lopez assured Mexican citizens that Mexico does not currently have any commitments to the United States, including Canada, in the energy sector.

      Oil is an important pillar of Mexico’s national economy and one of the main sources of fiscal revenue. Mexico was once the world’s fifth largest oil producer and the second largest source of US crude oil imports, with the highest annual output reaching close to 200 million tons. However, since the beginning of the 21st century, Mexico’s oil production has continued to decline, especially between 2004 and 2012, when the daily oil production fell by as much as 40%.

      At the same time, Mexico’s domestic oil refining capacity is seriously insufficient, and it has to import a large amount of refined oil from the United States. In recent years, Mexico’s imports of oil and natural gas from the United States have increased year by year, and its dependence on imported energy products from the United States has become stronger and stronger. It has gradually changed from an oil exporter to a net oil importer.

      Mexico is rich in oil and gas resources. However, due to insufficient oil extraction and processing capacity, it has gradually transformed from an oil exporter to a complete net oil importer.

      In order to reverse this situation, the former President Peña launched a drastic energy market reform shortly after taking office in 2013, covering various aspects such as constitutional amendment, separation of government and enterprise, institutional adjustment, market opening, and mineral rights bidding. Break monopolies, open up investment, increase oil production, revitalize the national economy, increase fiscal revenue, and expand domestic employment. However, over the past few years, the decline in Mexican crude oil production has not only failed to be reversed, but daily production has fallen from 2.5 million barrels per day in 2013 to less than 1.8 million barrels per day in 2018. And Peña himself was recently investigated for allegations of bribing opposition lawmakers through the energy reform plan.

      Lopez believes that the “energy reform” advocated by former President Peña is a failure and has constituted a “historical issue.”

      Where Mexico’s current President Lopez took office, he vowed to restore crude oil production to 2.4 million barrels per day in 2025. However, catching up with the continuous decline in international crude oil prices and the sudden new crown epidemic made this goal impossible.

      At the same time, he hopes to learn from China’s “three barrels of oil” model, strengthen the leading role of state-owned energy companies, strengthen local refining capabilities, increase the added value of petroleum products, and reduce dependence on imported oil and gas. To this end, on the one hand, the Lopez government promised to abide by the oil and gas exploration and extraction contracts signed during the previous government’s tenure, and on the other hand confirmed that it would not conduct similar tenders.

      The Lopez government launched a series of policies aimed at strengthening and consolidating the market position of the Mexican National Electric Company (CFE).

      In terms of electricity, Lopez advocates restoring the CFE’s “dominant” status. In terms of new energy, since he took office, he has repeatedly postponed new energy auctions that have attracted the attention of international investors. He has also announced the suspension of grid connection of renewable energy projects and prohibits the construction of solar communities. In addition, he insisted on stopping subsidies to private companies in the energy sector, and at the same time hoped that through debt restructuring, the two giants, the National Oil Company and the State Power Company, were on the verge of bankruptcy.

      Lopez’s series of actions will inevitably undermine the confidence of some overseas investors, but also arouse dissatisfaction from some domestic private enterprises and even environmental protection organizations. In the context of the unprecedented setback of the country’s economy due to the epidemic, analysts are cautiously waiting and watching whether these policies can revive Mexico’s energy industry.

      Tags: MexicoUnited States

      Related Posts

      Kyrgyzstan claims that three Kyrgyz citizens were shot dead by the Uzbek border guards. Both sides have launched an investigation.

      Kyrgyzstan claims that three Kyrgyz citizens were shot dead by the Uzbek border guards. Both sides have launched an investigation.

      May 6, 2022
      0

      According to Interfax, the Kyrgyz Border Service reported on the 6th that the day before, three Kyrgyz citizens were shot...

      8 cases of hepatitis in children with unknown causes were found in Argentina

      8 cases of hepatitis in children with unknown causes were found in Argentina

      May 6, 2022
      0

      The Argentine Ministry of Health issued a notice on May 5 local time that eight cases of hepatitis in children...

      12 people are still missing in the shipwreck in Japan. The Coast Guard will expand the search scope.

      12 people are still missing in the shipwreck in Japan. The Coast Guard will expand the search scope.

      May 6, 2022
      0

      As of the 6th local time, 12 people were still missing in the sinking of a sightseeing ship near the...

      Next Post
      Philippine vice president under quarantine for contact with COVID-19 positive patients

      Philippines vice president under quarantine for contact with COVID-19 positive patients

      Belarusian President refuses to win Pompeo: ready to work with Russia to cope with new threats

      Belarusian President refuses to win Pompeo: ready to work with Russia to cope with new threats

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      Popular News

        • Trending
        • Comments
        • Latest
        Mossad commander suspected of being shot dead in the Israeli capital

        Mossad commander suspected of being shot dead in the Israeli capital

        December 9, 2020
        A wealthy Mexican businessman was killed by a propeller headshot while walking towards a helicopter that just landed

        A wealthy Mexican businessman was killed by a propeller headshot while walking towards a helicopter that just landed

        December 9, 2020
        Biden's Asian bodyguard identity exposed: twice "Gint meeting" security

        Biden’s Asian bodyguard identity exposed: twice “Gint meeting” security

        January 21, 2021
        About 240 Israelis contracted the novel coronavirus after being vaccinated By Pfizer against Covid-19.

        About 240 Israelis contracted the novel coronavirus after being vaccinated By Pfizer against Covid-19.

        January 2, 2021
        Mink variants of Coronavirus have been found in patients in 7 countries, but only Denmark "kills mink nationwide"

        Mink variants of Coronavirus have been found in patients in 7 countries, but only Denmark “kills mink nationwide”

        1
        Trump attended the APEC online meeting but refused to use the official video background

        Trump attended the APEC online meeting but refused to use the official video background

        1
        Italian health experts: Italy's epidemic is slowing down. We should focus on protecting the elderly and not relaxing.

        Italian health experts: Italy’s epidemic is slowing down. We should focus on protecting the elderly and not relaxing

        1
        Somalia expels Kenya's ambassador to Somalia on suspicion of interfering in internal affairs

        Somalia expels Kenya’s ambassador to Somalia on suspicion of interfering in internal affairs

        1
        Kyrgyzstan claims that three Kyrgyz citizens were shot dead by the Uzbek border guards. Both sides have launched an investigation.

        Kyrgyzstan claims that three Kyrgyz citizens were shot dead by the Uzbek border guards. Both sides have launched an investigation.

        May 6, 2022
        8 cases of hepatitis in children with unknown causes were found in Argentina

        8 cases of hepatitis in children with unknown causes were found in Argentina

        May 6, 2022
        12 people are still missing in the shipwreck in Japan. The Coast Guard will expand the search scope.

        12 people are still missing in the shipwreck in Japan. The Coast Guard will expand the search scope.

        May 6, 2022
        Toronto police: A girl's body was found in the dustbin and has been tracked down

        Toronto police: A girl’s body was found in the dustbin and has been tracked down

        May 6, 2022
        YCNews

        © 2022 YCNews

        More about us

        • About
        • Advertise
        • Careers
        • Contact

        Follow Us

        No Result
        View All Result
        • Politics
        • World
        • Business
        • Science
        • National
        • Entertainment
        • Gaming
        • Movie
        • Music
        • Sports
        • Fashion
        • Lifestyle
        • Travel
        • Tech
        • Health
        • Food

        © 2022 YCNews

        Welcome Back!

        Login to your account below

        Forgotten Password?

        Retrieve your password

        Please enter your username or email address to reset your password.

        Log In
        Go to mobile version