Major investment needed is right. And guess whose hand is heading for your wallet. Fox suggested the US 'invest in rebuilding Mexico's infrastructure' as a way of luring Mexicans to return home. (That's the carrot). Oil fields are included, along with roads, schools, hospitals, etc.. Like it or not, North American Union here we come.
If they sell us a large percentage of the oil rights in some areas, they'll get investment from us in energy infrastructure. When production declines so much that their budget situation becomes desperate, then Mexico will probably allow foreign investment in some oil fields. Those fields will quickly become the most efficient producers in Mexico. But no Americans want to invest in public works projects in Mexico because there's no payback for us. I doubt that Congress will ever vote for any significant foreign investment for Mexico.
"Like it or not, North American Union here we come."....only if we're negligent in how this is accomplished. Would make more senes to "annex", for starters, the six Mexican border states....as the next six American states. TRhey really could use a dose of the Dept of Justice to clean them up.......
Fox's *suggestions haven't counted for awhile now.....
the outcome of today's elections should be very interesting.