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5 August 2014

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.


The bills, including a crucial new hydrocarbons law, govern implementation of a wider reform passed in December. They form the corner stone of a new plan to open the oil sector to private and foreign investment, aimed at attracting companies like Royal Dutch Shell and Exxon Mobil.

If I said what I thought about this, I’d probably be deported.

2 Comments leave one →
  1. Allen G permalink
    6 August 2014 8:11 am

    No Rich, not deported, but given a hero’s welcome by retired Pemex employees.

  2. buddenbooks permalink
    6 August 2014 8:35 am

    One needs a code.

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