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) (old pesos). 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. 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 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.
I believe when they finally get to the end of their rope they will rescind the ban on foriegn ownership.