up its oil and gas resources to the private market so what does this mean for state run oil company pemex we look into it coming right up and senior fellow at the post carbon institute richard heinberg sets out with me earlier today to talk about the latest news coming out of mexico and what it means for oil production and edward harrison is back he is back with the wonderful mr harris that is sitting down with a big deal to talk that you won't want to miss a moment and it all starts right now. with. our lead story today mexican oil wednesday mexican president and rick a pen yet yet to sign a historic reform bill that will allow foreign companies to access or oil and gas fields in the country the reform is meant to make mexico's oil industry more competitive and drive economic growth in the world's fifteenth war just economy this is a store bill was approved back in december of twenty thirteen but wasn't signed until this week the reform ends a seventy five year old monopoly that barred foreign participation in the market since nine hundred thirty eight pemex mexico's state owned oil gian

before private companies were only allowed to work for pemex under service contracts now pena nieto promised that the country's oil output will increase at least twenty percent to three million barrels per day by twenty eighteen mexico is the ninth largest producer of crude oil in the world and the president expressed his desire for mexico to remain an oil exporter not in oil importer pemex lost its position as a lot of america's number one oil producer a few years back to brazil's semipublic multinational energy corp petro bras revenue for petro bras was one hundred forty one billion dollars last year compared with pemex is one hundred twenty three billion now while pex is seven decades monopoly is winding down it's not totally coming to an end private companies will be allowed to bid on four fifths of the country's potential resources so basically pemex will be entering this new more competitive mexican oil market we've had considerable considerable edge over the competition in fact mexico's government has said that pemex will be allowed to keep eighty three percent of the country

your oil monopoly that barred foreign participation in the market since nine hundred thirty eight pemex mexico's state owned oil giant has held a monopoly over oil and gas this reform aims to make pemex more efficient through cooperation and joint ventures with foreign players now the new law doesn't just break the monopoly on foreign companies but now domestic private oil and gas companies will be able to operate in direct competition with pemex before private companies were only allowed to work for pemex under service contracts now pena nieto promised that the country's oil output will increase at least twenty percent to three million barrels per day by twenty eighteen mexico is the ninth largest producer of crude oil in the world and the president expressed his desire for mexico to remain an oil exporter not in oil importer pemex lost its position as a lot of america's number one oil producer a few years back to brazil's semipublic multinational energy corporation petro bras revenue for petro bras was one hundred forty one billion dollars last year compared with pemex this one hundre

before private companies were only allowed to work for pemex under service contracts now pena nieto promised that the country's oil output will increase at least twenty percent to.

. >> poder afirmamos que la reforma energÉtica preserva y asegura la propiedad de la naciÓn sobre pemexalecen nuevas herramientas. >> algo imposible de lograr si no se le quita la carga fiscal a estas empresas, segÚn el gobierno. >> basta con decir que al final de un periodo de transiciÓn de cinco aÑos se observarÁ una revisiÓn histórica en el monto que para petrÓleos mexicanos. >> durante la promulgaciÓn de las leyes secundarias, sacadas adelante por el partido revolucionario institucional y el techo nacional, el presidente anunciÓ tambiÉn un decÁlogo de acciones para acelerarlo puesto en marcha la reforma energÉtica. >> por su parte, presidente del partido, zambrano, dijo que este lunes se escribiÓ una de las pÁginas más negras de la historia del paÍs. y pidiÓ a Ñieto que acepte una consulta popular para conocer la opiniÓn de los mexicanos sobre la reforma. ♪ ♪ >>hay muchas razones para hacer ejercicio, y ahora las mujeres de mediana edad tienen una mÁs. y es que segÚn investigadores franceses, la entidad fÍsica podrÍa reducir el riesgo de cÁncer de mama despuÉs de la menopausia. en e

realmente no algo que no compete a nosotros. >> es tan grave el problema de extracciÓn en los ductos de pemexbanda. por eso se les negÓ el homenaje de cuerpo presente. autoridades aseguraron contenedores, pipas, vehÍculos de lujo y cinco sospechosos que fueron encarcelados. de acuerdo con fuentes oficiales que prefirieron no ser identificadas el robo de azul y en mÉxico tiene aÑo se estima que la banda se apoderaba de 2 millones de litros al mes. se investigaciÓn una de ellas se vendÍa mÁs allá de de nuestras fronteras, en jalisco, mÉxico. >> el gobernador de hawÁi declarÓ el estado de emergencia ante la llegada de los tifones isel y julio que impactÓ esta noche comiendo de hasta 75 millas por hora, ahora los hawaianos tienen sus ojos puestos en julio ahora es de categorÍa tres se preparan para hacerle frente finde semana. la aventura de conocer nueva york desde el aire podrÍa perder su encanto un grupo de polÍticos que prohibir los paseos considera que sus vuelos ademÁs de peligrosos son demasiado ruidosos como nos explica blanca rosa la previsiÓn estarÍa vinculada a problemas de seguridad.

yo estoy de acuerdo con el presidente lula da silva de brasil cuando decÍa: "bueno, pemex, pemex es lada sirve, jorge, creo que estarÁs de acuerdo conmigo y nuestro pÚblico tambiÉn en univisiÓn, de nada sirve eso si se van a robar lo que antes se robaban, o peor, porque ahora habrÁ mucho más dinero. de nada sirve abrir pemex si hay lo que hubo antes. >> leÓn, y termino con esto: hÁblanos de lo complicado que es cuando seis periodistas tratan de hablar con un solo presidente. ¿cÓmo se creó ese grupo y quÉ tan difÍcil fue para ti hacerlo? >> bueno, muy difÍcil. el formato era un formato complicado que no se prestaba mucho para la conversaciÓn, peÑa nieto tiene ademÁs este estilo en donde habla muchÍsimo, yo creo que es una estrategia para reducir el tiempo de interacciÓn con los periodistas lo mÁs posible, y en un formato en donde Éramos tantos con un moderador, pues digamos que se complicÓ. ¿cÓmo se seleccionaron los periodistas? bueno, eso habrÍa que preguntÁrselo a la gente del fondo de cultura econÓmica, que fue quien convocÓ. yo tratÉ de concentrarme en un solo tema, jorge, que es e

you a question about the potential competitiveness of pemex.one hand, emilio has to run this business as a competitive entity and on the other hand he has to prop up mexican government which has a third of its budget from the company. tohe really going to be able make this formal monopoly nimble and cost effective and competitive? >> it will not be an easy journey. it is going to be challenging and there will be political obstacles and economic obstacles and cultural obstacles within pemex. has looked very closely at some of the other south american countries that have embarked on similar types of reform efforts. brazil is a great example. they created a more competitive environment. they have really performed amazingly over the last 10-20 years. there certainly is a lot of opportunity for pemex to do the same thing. >> wrapping it up here. the impact on u.s. oil companies. were do you think the biggest opportunity is going to be? where is the real money going to come in? >> there was a lot of money going to be invested on the deepwater side. b

still, the head of pemex says drilling forshale gas is critical to the future. >> we have the fourth largest shell reserves of gas in the world. cheaper gas, cheaper energy cleanerrer energy. now that the energy reform is set to take full effect, foreign companies are planning to build thousands of fracking wells in mexico. they promise it will lead to boom but many fear long lasting environmental effects. >> imagine going to your car and seeing this. alabama hit hard with flooding so bad yes, it did drag cars into ditches. ah, got it. these wifi hotspots we get with our xfinity internet service are all over the place. hey you can stop looking. i found one. see? what do you think a wifi hotspot smells like? i'm thinking roast beef. want to get lunch? get the fastest wifi hotspots and more coverage on the go than any other provider. xfinity, the future of awesome. that's why i always choose the fastest intern.r slow. the fastest printer. the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't

tell -- president and regain pena nieto -- president enrique pena nieto's -- >> it will strengthen pemex. >> oil production is mexico -- in mexico has slipped from the peak to a current of 2.5 million barrels. with the reform, the government is hoping for companies will help mexico exploit its shale and deepwater reserves with their technology and expertise. not everyone has jumped on board. >> once foreign firms have a contract with mexico, they will be able to integrate the reserves in their ledgers and influence the international markets. mexico will then have lost control of its hydrocarbons. >> one of the most controversial measures of the reform is the mexican government absorbing part of the pensions liabilities for pemex workers expected to total around $127 billion or 10% of the country's gdp. opening up the sector is expected to jumpstart latin america's second-largest economy. they expect to see a jump once the first bids are issued. >> a bit of a struggle uphill for the mexican energy industry. there are hopes it will take off because of these reforms. >> we know you will be

rancher has sold rights to drill to pemex on his land. >> many are emigrate to u.s. others to monterey the nearest city, the reason, that in this house, this hacienda, there's no life. what do we live on, cattle and water, if we have none, there's no life. >> fracking has been banned or restricted in several countries. still, the head of pem rvetion exervetioemex saysdrilling is k. >> we have the fourth largest shell reserves in the world. cheaper gas, safer energy, cleaner energy. >> foreign companies are planning to build thousands of fracking wells in this dry, hot region of northern mexico. they promise it will lead to an economic boom but many here also fear long lasting environmental impact. adam rainy, al jazeera, mexico. >>> report that evidence of war crimes in the u.s. military justice system. >> now available, the new al jazeea america mobile news app. get our exclusive in depth, reporting when you want it. a global perspective wherever you are. the major headlines in context. mashable says... you'll never miss the latest news >> they will continue looking

pemex has been efficient with our wells. have the expertise to develop those projects and bring them into production in a relatively quick punto of time. those companies have done so on the northern tides of the gulf of mexico. suitable for us to work with on these opportunities. pemext was the ceo of speaking to olivia sterns. coca-cola gets an energy boost. that is coming up next. ♪ >> welcome back. coca-cola has shelled out more than $2 billion to buy a stake in monster beverage. it has turned the owners of the company into billionaires. what do we know about these billionaires who bought this business? they backed into this business and purchased a publicly traded company that was indebted. it was a juice company. they added monster beverage to the mix after they saw the success of red bull. they eventually change the name to monster because they had seen the product was doing so much better. >> there is an argument that they are not billionaires. tracking down their fortune as challenging. >> they are a publicly traded

rancher has sold rights to pemex to drill on his land. >> many are immigrating to monterey, the near city. the reason, in this rans, in this enhanc hans yen da there -e is no life. >> there is concern that fracking pollutes it too. fracking has been banned or restricted in several countries. still the head of peemex says that fracking is the future snrp we have the fourth largest shell gas in the world. cheaper energy, cleaner energy. >> now that the energy reform is set to take full effect, foreign countries are planning to build thousands of fracking wells. they promise it will lead to an economic boom but many here also fear long lasting environmental impacts. adam reiny, al jazeera, nueva leo nf, mexico. >>> some have been living in camps along the border for decades. >> it's been 30 years since the first people came across the border to this camp in western thailand. they came to escape the oppressive military government in myanmar or burma as it was known the then. they were also running away from separatist fighting between ethnic minorities and government soldiers. >> transla

chao llanes es identificado como robar hidrocarburos de pemex.presente y nos tiene los detalles. >> aproximadamente a las 11 25 de la maÑana, hora del este, llegÓ a la base militar la paciente americana infectada con el Ébola. un fuerte dispositivo de seguridad en donde participaron varias agencias conjuntas fue establecido para escoltar a la paciente ante presuntas amenazas en contra de la mujer. ella se desempeÑaba como misionera griferÍa, África, en donde contrajo la enfermedad. >> no debimos hacer ningÚn entrenamiento especial, nuestro trabajo se tratÓ de escoltar querÍamos asegurar que las vías estaban seguras. para confrontar cualquier eventualidad. >> autoridades de la policÍa localizaron referencia a que la seguridad del hospital quedarÁ en manos nuevamente de la policÍa universitaria de emory. mientras los demÁs cuerpos armados de la regiÓn estarÁn atentos para prestar colaboraciÓn ante cualquier emergencia. >> nada ocurriÓ. fue una operaciÓn tranquila hasta el hospital. el paciente serÁ tratado bajo los cuidados que este hospital tiene

. >> there have been more disturbances earlier this morning as pemex press outrage over saturdays deadly less shooting of an unarmed black teenager. >> reporter: police in ferguson, missouri logged tier gas at protesters for a fourth night as a crowd became unruly. dozens of people were out again to protest the shooting death of 18-year-old michael brown. earlier in the day, the police chief asked protesters to confine their demonstrations to daylight hours and eyth responded with peaceful marchs, but intentions are still running high, on wednesday police took two journalists into custody at a ferguson, mcdonald's. the washington post reporter videotaped the incident as it happened. officers in swat gear told him and huffing ton post reporter ryan riley to leave. >> evidently, i wasn't moving quickly enough and both of us were arrested. >> both were released, no charges were filed. people in ferguson are still demanding to know the identity of the officer who killed brown on saturday. witnesses say the unarmed teens hands were up when he was shot. officials so far are not releasing the o

he is the new ceo of pemex.ng a former oil trader myself. >> i think this is a really cool story. here is a company that is nearly -- has had a nearly 80 year monopoly on mexican energy. schoolchildren celebrate the nationalization of the oil industry. this is very emotional. the only reason it has been happening is because the president provided the support for it to happen. he has tapped this 38-year-old emilio lozoya, who is a very much member of the new guard, he is a young global leader from the world economic forum. of transforming the state monopoly into a competitive entity. >> what did he say? how is he going to do it? >> he is going to get money from foreign companies. changesimportantly, the in the laws allow us for the first time to partner with companies that will bring three elements to the table that will allow us to increase our production rate. number one is technology. number two is financial capital. number three is human capital. theyey lack the funding, lacked the expertise. he is very confi

rancher garza has sold rights to pemex to drill on his land, although it could mean less water for his>> many are emigrating to the u.s. or plant ray, because there is no life. what do we live on? cattle and farming. if there's no water, we've got nothing. >> besides consuming water, there's growing concern around the world that fracking pollutes it, too. fracking has been banned or restricted in several country witness. still the head of the company said drilling for shale gas is key to mexico's future. >> to be able to produce our own gas, we have the four large have the reserves in the world. this is gas, cheaper energy, cleaner energy. >> now that the energy reform is set to take full effect, foreign companies plan to build thousands of fracking wells in this hot, dry region of mexico, promises it will lead to an economic boom. many fear long last be environmental impact. >> mexico is the third largest exporter of crude to the u.s. >> nascar superstar tony started involved in a deadly descend, ending the life of a fellow driver. >> robert bolland and jail knee floyd discuss the fal

al momento de su captura, chao yÁÑez portaba una credencial de petrÓleos mexicanos conocida como pemextema de espejos que las hacen visibles a varias millas de distancia. >> un inmigrante puede ver a este reflejo del sol, es posible que ellos puedan caminar a esta torre para salvar su vida. >> el riesgo de muerte aumenta durante el verano y la patrulla fronteriza espera que un nÚmero mayor de inmigrantes conozca de la existencia de estas torres. para quienes afirman que el perro es el mejor amigo del hombre, podrÍan cambiar de opiniÓn despuÉs de ver este video. dos surfistas se encontraban frente a la costa noreste de gran bretaÑa y de pronto, una foca brinca a sus tablas de surf. y aunque le costaba un poco de trabajo montarse en esa tabla, durante una hora pudieron convivir tanto este animal salvaje como uno de estos surfistas. su amiga los acompaÑaba y mencionaron que es una experiencia Única que jamÁs olvidarÁn. y es asÍ como nosotros regresamos con mÁs de despierta amÉrica. continuamos con la informaciÓn. william. ahÍ estÁ. >> gracias. oye, buenas noticias, mi willy. >> eugenio de