the adrienne arsht latin america center began operations in october and we are off to a running start our central star with the generous support of platypus and business leader adrienne arsht, and to get specifically what we're doing today which is to broaden awareness of the many transformations across latin america and to change the nature of the discussions about the region and to highlight the potential as a strategic and economic partner for europe, the united states and beyond. we couldn't think of a better first report of the center than what we are releasing today. energy reform -- energy reform in mexico is the transmission that shows a new dynamism in mexico and reflects the changes being seen across latin america. and editor of his week in the "washington post" said quote it opens the door for a mexican economic takeoff. our report at today's event reflects the philosophies of our new center which is dynamic, timely analysis and succinct yet the vigorous. this morning under-secretary will speak for about 15 minutes. he has grey shall agree to take a few questions from the a

so again, i'm the director of the adrienne arsht latin americans and and a want to thank all the panelists for coming, enrique and david, thanks for the fastening presentation. last week i was reprimanded in an interview by a journalist for being too enthusiastic about what mexico has done. so to my panelists, that's a warning because i'm going to try to redeem myself. i'm going to try to be very office is a. i'm going to try to censor my questions on three principles -- printable areas which is the mechanics of reform, the business implications of the reform, and then what are the implications for mexico and mexico's future. and i'm not an energy expert. i'm just a local, lay down washington policy civilian. so let me start with duncan and ask him for his comments. but i'd love you if you could please post comments within the context of what is this going to mean for a new north american revival, and particularly in energies industry but given as we for that nafta is now just coming onto its 20 years, what is now the 2.0 and how does its energy reform the in that? >> thanks, peter. and th