Tags » Oil And PEMEX

Oh, FRACK!

With oil reserves dropping in Mexico (and somehow we¿re supposed to buy the argument that more exploitation means more oil), PEMEX plans for facking move ahead.  97 more words

Oil And PEMEX

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What Eduardo Galeano rightly called the largest company in Latin America NOT under foreign control is very likely to be under foreign control now:

Aug 5 (Reuters) – Mexico’s Senate gave final approval early on Tuesday to the backbone of a landmark energy reform as the government prepares to lure investment by major oil companies to stem the country’s declining oil production.

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Oil And PEMEX

Oil in Mexico is much more than a symbol of national pride. For the past 75 years it has been an enormous source of income for developing Mexico’s infrastructure and improving social welfare.

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Economy & Business