Mexico gives up on Socialized Oil

Discussion in 'Too Hot for Swamp Gas' started by G8trGr8t, Aug 12, 2013.

  1. G8trGr8t
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    G8trGr8t Premium Member

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    1938, the Mexican peasants were dancing in the streets as the prolific and lucrative oil resources in Mexico were nationalized and the gubmnt formed a national oil company (Pemex) to keep all the resource for the people.

    After 75 years of failed and corrupt gubmnt and union management the mexican oil industry is in shambles with decreasing year over year production resulting a future where Mexico would likely have to import oil.

    http://www.rigzone.com/news/oil_gas/a/128381/Mexico_Proposes_Private_Firms_in_Oil_Industry

  2. Gatorrick22
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    Gatorrick22 Well-Known Member

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    The Mexicans are true nationalists when it comes to the oil production.
  3. geauxgator1
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    geauxgator1 Well-Known Member

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    Typical government mismanagement. Just get the government out of the way, and let the oil come pouring. Then of course they will tax the hell out of it. However seems like the Mexicans have socialization of their oil industry engrained in their genes. Be interesting to see if they get anywhere with the proposal this time.
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  4. Gatorrick22
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    Gatorrick22 Well-Known Member

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    If the government didn't have unions they wouldn't suck nearly as badly.
  5. fubar1
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    fubar1 Premium Member

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    Like saying if a zebra didn't have stripes. The government is comprised of unions. Of unions, for unions, by unions.
  6. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Is that like horses with stripes are...

    Unions should be un-Constitutional.

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