OMAR TORRES/AFP/Getty Images
Derrick hands remove the drilling tool with a sample of the marine seabed at La Muralla IV exploration oil rig, operated by Mexican company 'Grupo R' and working for Mexico's state-owned oil company PEMEX, in the Gulf of Mexico on August 30, 2013. The semisubmersible platform is able to drill to a depth of 10.000 meters in an environment such as the Gulf of Mexico.
It's one of the largest energy markets in the Americas and a top oil producer to the US. Now, it's open for foreign investment.
We're talking about Mexico's oil and gas sector. On Wednesday, the country's lawmakers approved a plan to end more than 75 years of state monopoly and open it to foreign investors.
For more on what this could mean -- both for Mexico and the US -- we're joined by Jeremy Martin, director of the energy program at the Institute of the Americas in San Diego.