Mexico slashes its energy regulators

Mexico's Energy Regulatory Commission, the CRE, has fired two thirds of its staff in response to government cuts of 30 percent in its workforce.
Many of those who have been dismissed are being invited to apply for temporary jobs.

The new government of Andrés Manuel López Obrador is slashing the budget for both the CRE and the National Hydrocarbons Commission, the CNH.

The CRE regulates the state power sector and the market in petroleum products. The CNH monitors Pemex and the private-sector upstream auctions that have been a feature of the energy reform but which López Obrador has suspended.