For nearly a year I have been noting that Pemex is in trouble, and each passing month is yet another step down the slippery slope. President Calderon has offered up legislation to engage foriegn oil companies (mostly the nationalized ones) in partnership with Pemex. The foriegn companies have the resources that Pemex lacks to drill for deep oil and develop new reserves. Calderon's opponent in
Sunday, April 20, 2008
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