Mexico opening up its oil industry to more foreign investment dollars may not garner a whole lot of attention in the media, but management teams at companies like Chevron (NYSE: CVX ) and Conocophillips (NYSE: COP ) are waiting to see the final regulations from Mexican parliament like a child waiting to open presents on Christmas day. If Mexico opens up its deepwater and shale resources like many anticipate, it could lead to yet another boom in oil and gas production in North America, with Chevron and Conocophillips better positioned to take advantage of the situation than almost anyone else.
There are a small set of traits that put Chevron and Conocophillips ahead of other big oil players as well as American independent drillers. Find out what those traits are by tuning into the video below.
This company could bring about the death of OPEC
Oil production from places all over the world is changing the dynamics of the oil market, and the power that OPEC and Russia once had is slowly slipping from their grasp. This movement has been possible thanks to critical technological developments, and our analysts at The Motley Fool have identified one company that is at the epicenter of it all and is in position to make immense profits from it. Find out the name of the company we have adoringly labeled "OPEC's Worst Nightmare." All you need to do is simply click here and we'll let you know for free.