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The Desperate Plight of Petrostates





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Tag: Pemex

Pemex Building Bombed in Mexico









Posted on Feb 3, 2013 ENLARGE


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Mexican President Felipe Calderon released his plans Wednesday to give greater autonomy to the country’s nationalized oil monopoly PEMEX, a move criticized as privatizing the industry that constitutes 40 percent of federal income. With domestic oil production falling for the past six years, Calderon has had to negotiate his pro-business politics amid steadfast public opinion against denationalization.

Posted on Apr 9, 2008 READ MORE


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