Tim Samples, an assistant professor of legal studies in the Terry College of Business, blamed poor timing for the reason Mexico has missed out on investment in oil. Recently, Mexico ended the Petroleo Mexicanos oil monopoly, and it was expected that oil investments from outside companies would flourish.
In a Bloomberg Business article, Samples, a Mexican-energy analyst, blamed low oil prices for the failure.
“Oil prices have really been the ultimate wet blanket for this whole reform,” he said. “It’s incomprehensible how bad the timing has been for Mexico.”