Two weeks ago, the already contentious announcement that CFE would prioritize the use of power produced by CFE rather than the independent producers. This was already seen as a hard knock on the back of foreign investors, but it got worse last week when AMLO started talking about expropriation, not only that but those who have installed a rooftop solar systems to reduce power costs would be forced to remove them. According to th the law before Congress, those who saw these systems removed would be compensated, although considering the state of Mexico's treasury, it's not entirely clear, the CEO of CFE on Monday indicated that the best bet was nationalization without compensation, like in 1936. The old men who run Mexico today have this vision of Mexico as an energy-independent country (85% of all-natural gas is from the US, 22% of Mexico's electricity is purchased from the US). This dream is based on this vision of a perfect example of what Cuba and V...
Life of a Norfolk farmer