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 Editorials | Issues | June 2008 
Energy Reforms are Constitutional: President Calderón
 Presidencia de la República
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 |  | There will be no sale of oil to private individuals.
- Felipe Calderón |  | | | |
President Felipe Calderón declared that the energy reform bill serves as a guarantor for constitutionality, as a result of which he urged Congress to approve it once the months of debate and discussion previously agreed on have elapsed.
"We are absolutely certain of the constitutionality of the bill submitted in the package of reforms to strengthen Petróleos Mexicanos that has been sent to Congress."
In the reform bill presented, he explained, Mexico will retain its ownership of, and exclusive right to, oil exploration and drilling, since this is a bill in which the ownership of oil, gasoline and refining will continue to be handled exclusively by the Mexican government. “There will be no sale of oil to private individuals," declared Felipe Calderón.
“We are absolutely certain of the constitutionality of this proposal but we will continue to wait for the Senate and the Chamber of Deputies to decide on this bill and fortunately, Mexico has a solid system of constitutional control vested in the Supreme Court of Justice, which, in the event the reform is approved and a doubt or controversy arose, would be fully solved by our constitutional court."
The President explained that this is a fully constitutional proposal, and that in other sections of the latter operations are already being carried out in the private section whose constitutionality has not been questioned, such as transporting oil by truck, since it is more expensive to transport it by pipeline.
During a press conference at the end of the Environment and Climate Change Summit of Central America and the Caribbean, held in San Pedro Sula, Honduras, the Mexican president explained that during the first quarter of the year Mexico lost nearly $42 billion pesos due to its low oil production, gasoline subsidies and the appreciation of the Mexican peso.
He explained that during the first quarter of the year Mexico lost $15.5 billion pesos due to low oil production, in addition to $7.5 billion pesos because of the peso's appreciation against the dollar and $18.6 billion pesos for maintaining gasoline at affordable prices.
Press Release: Presidency of the Republic, May 29, 2008, Mexico City
Translation Presidency of the Republic |
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