Well, I'll be dipped. Mexican moonbats! Sheesh! I'd be drilling gasoline wells if that could be done. Where does this nitwit think the gasoline, etc. come from?
conservative Felipe Calderon, proposes opening the industry to foreign oil corporations to help increase crude exports...
Well, at least someone down there 'gets it'.
However....they don't have the money nor technology to do it.
Pemex doesn't turn a profit.
Well, at least someone down there 'gets it'.
Fox has tried to 'open up" Pemex to foreign investors & the mex. congress wouldn't let him.
Should be interesting to see the outcome of the mex. congress. elections too.
"Lopez Obrador wants to de-emphasize production of crude oil and focus instead on refined products."
I suspect that what he wants to do is increase Mexico's manufacturing base, rather than shipping all the crude to the US, where we do the manufacturing. More refined products produced in Mexico, fewer illigals?
Mexico is very resistant to foreign economic intervention. Years ago when I studied there I was surprised to discover that foreigners could not buy beach front property. You had to have a Mexican partner to get around that one.
Perhaps Mexico will be able to expand its sugar cane production like Brazil to achieve less dependence on petroleum for transport. Does anyone know the potential for that?