Posted on 10/22/2008 6:59:24 AM PDT by thackney
The worldwide economic slump is causing more Mexicans to consider allowing private investment in Mexico’s state-owned oil company, Arturo Sarukhan, Mexico’s ambassador to the U.S., said Tuesday.
“I think that we do see the beginnings of a thaw in the way Mexicans of different political persuasions understand how reforming the energy sector in Mexico is going to be critical, not only in terms of what has happened these past two months in the world economy, but our ability to continue growing,” said Sarukhan, during a visit with the Houston Chronicle’s editorial board. “I think that the global slowdown has forced many in Congress of different political persuasions that the status quo of Pemex cannot stand and that something has to be done.”
His comments come as Mexico’s Senate is considering bills that would allow Petroleos Mexicanos to hire domestic and foreign companies for exploration and production under contracts with performance-based incentives. Lawmakers recently rejected President Felipe Calderon’s proposal to allow private companies to refine oil.
“I think that what is on the table is a feasible bill, but it’s not a perfect bill,” Sarukhan said.
With declining oil production at Mexico’s largest field, Cantarell, something needs to be done to take the nation to another plateau, said Michelle Foss, chief energy economist for the Center for Energy Economics at the University of Texas.
Cantarell output fell 29 percent in the first half of the year compared with a year earlier, down from the government’s forecast dip of 13 percent, according to a government report last month.
“The reality of social needs and economic needs in Mexico is pretty severe,” Foss said.
She said many Mexicans don’t understand the energy reform issues.
Sarukhan also said that renegotiating the North American Free Trade Agreement, as some candidates in the U.S. presidential campaign...
(Excerpt) Read more at chron.com ...
Sucker play.
Mexico has never been a friend of our United States.
Based on old pesos!
The looters of Mexico want to have the freedom to
loot America.
After spending several years starting oil exploration
crews for Pemex, I think I have The reason Mexico has
become so bad.
I like the Mexican people in the fly over parts of Mexico.
The mid level and workers of Pemex are good.
It is the government and the high up in Pemex that are
the vultures and looters.
The peso was about 8 cents (12.5 to a dollar).
When Pemex found the sito grande, a very large oil pool
that covers parts of the states of Chiapas and Tabasco
also a long ways into the Gulf of Mexico.
Pemex borrowed billions to produce this great oil find.
The looters (government) stole most of the money and
what they did buy was junk oil rigs and drill pipe, etc.
1,000 pesos which was worth about $80 now will not buy
a coke (old pesos).
This was due to the looters stealing billions from the
Mexican people.
Instead of overthrowing the looters the Mexican people
had an out, they had no weapons and they could cross
into America and have a much safer life.
This hurts both Mexico and America as Mexico lost some
of it’s hardest workers.
The gangbangers and welfare frauds also came over from
Mexico as they could rape and pillage at will.
The government of Mexico is propped up by the billions
sent back by the illegals and by our government having
borders that are too open.
The only chance I see to help America and Mexico is to
seal the border, deport the people who are not here legally.
We also need to arm the Mexican people so they can
have a chance against the looters with their armies.
You’re not just kidding!
The Mexicans nationalized American oil companies early in the 20th Century. They routinely have invited Americans to come in on joint ventures, and then they will seize the whole operation. Their laws discriminate against foreign-owned property. They are not good to deal with.
The whole Mexican economy is warped by the effects of police and government corruption, with payoffs necessary (which are against US law). Put your money somewhere else. Let them stew in their own problems, and enjoy their shallow “pride.”
American and European companies are doing well in mining ventures all over Mexico. Precious metals, iron ore, coal, manganese, etc., are being extracted with US investment, Mexican labor and fees paid to the government.
Drill, Pepe, Drill!
Say it aint so!
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