Dec 31, 2004, 5:26 AM
Post #15 of 19
Remember, don't forget, that Mexico NATIONALIZED all foreign owned oil companies, and all refineries, everything, and kicked out all foreigners involved in the petroleum business in 1938.
Re: [julian3345] Getting a liquor license in Sonora is virtually impossible...
Can't Post | Private Reply
Took them over lock, stock, and barrel. No more "pinche" gringos exploiting.
Created PEMEX to do the deeds instead.
Yes, 1938. An this is spoken daily in Houston ,Texas by all the USA oil companies involved.
This was a HUGE loss then to the USA. It has never been forgotten and will never be repeated, by US oil companies again, ever.
PEMEX is in deep doo doo now needing new eqpt, upgrades, but it falls on deaf ears in Houston.
Mexico knows this also.
Today, Mexico desperately needs investment in all sorts of things.
But it will never again release the reins of control to foreigners. Period.
Mexico may be slow, but it will be theirs.