Corruption and Waste Bleed Mexico's Oil Lifeline. Tim Weiner.
by Weiner, Tim; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2004Article 69Environment. Publisher: New York Times, 2003ISSN: 1522-3205;.Subject(s): Labor unions -- Corrupt practices | Mexico -- Economic policy | Petroleos Mexicanos | Political corruption -- Mexico | Waste (Economics)DDC classification: 050 Summary: "For more than 60 years, Pemex, the world's fifth-largest oil company, has been Mexico's economic lifeblood. A $50 billion-a-year enterprise, it controls every gas pump in Mexico, and it sells nearly as much oil to the United States as Saudi Arabia does. Today [2003], with some oil producers like Iraq and Venezuela facing nation-shaking crises, Mexico looks like a sure and steady source of oil. The United States may be tempted to rely on it even more. But Pemex is in danger of breaking down." (NEW YORK TIMES) This article explains why Pemex is falling into financial ruins.| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2004 Environment Article 69 (Browse shelf) | Available |
Articles Contained in SIRS Enduring Issues 2004.
Originally Published: Corruption and Waste Bleed Mexico's Oil Lifeline, Jan. 21, 2003; pp. A1+.
"For more than 60 years, Pemex, the world's fifth-largest oil company, has been Mexico's economic lifeblood. A $50 billion-a-year enterprise, it controls every gas pump in Mexico, and it sells nearly as much oil to the United States as Saudi Arabia does. Today [2003], with some oil producers like Iraq and Venezuela facing nation-shaking crises, Mexico looks like a sure and steady source of oil. The United States may be tempted to rely on it even more. But Pemex is in danger of breaking down." (NEW YORK TIMES) This article explains why Pemex is falling into financial ruins.
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