While many commodities have seen their prices drop in 2013, oil priceshave been an exception, as they have held up remarkably well.
While the global economy still remains at low levels of economic growth, oil prices incorporate geopolitical risk. There still remains potential for violent uprisings in many parts of the world, which would lead to higher oil prices.
Even though people want to move away from hydrocarbons as an energy source, for the near future, we will continue to use oil as an input in many parts of the global economy.
And now a new development is opening the door to an investment opportunity not seen in almost eight decades.
As of December 2012, Mexico has a new president, Enrique Pena Nieto, who is making radical changes that will benefit his nation dramatically. He is a pro-business leader, and since his term began, the Mexican economy has already seen a significant improvement in its current outlook, as well as the potential for future growth.
Mexico’s new president is now looking to end the country’s multi-decade state-run monopoly on oil and natural gas.
Continue Reading: An Investment Opportunity Not Seen in Eight Decades