Mexico’s oil privatization scheme will hurt the environment, scar the landscape, and leave Mexico at the mercy of transnational firms.
Mexico’s Oil Privatization: Risky Business
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PEMEX
Mexico’s Oil Referendum
Mexico is engaged in one of the most pivotal debates in its modern history: the future of its oil industry. The question is whether oil operations should remain in state hands or be privatized. Mexico exported 1.1 million barrels of oil per day to the United States in 2007, making it the third-largest supplier of oil to the United States, after Canada and Saudi Arabia. Yet the U.S. media has paid scant attention to the debate over what will happen with Mexico’s most important industry.
Mexico’s Battle over Oil
On April 8, President Felipe Calderon dropped a political bomb on the Mexican political scene. The Senate received an executive initiative that would fundamentally change the structure and operations of the oil company, Petroleos Mexicanos (Pemex). Key operations of the state-owned enterprise would pass into private hands.
Mexicans Say: Integrate This!
As part of a broadened alliance of civil society groups demanding the renegotiation of the North American Free Trade Agreement (NAFTA), Mexicans from all parts of the country occupied Mexico City’s Zocalo and surroundings on January 31. In a display of unity, in solidarity with their country’s agricultural producers, and the spirit that "without corn, there is no Mexico," Mexican farmers and others seem to be coming together. Mexico’s movements appear to be united in a sort of "buy Mexican" campaign. This is not necessarily so.