High prices, low profits for Mexico's oil company - 2 Feb 08

[StinkyFlyfart]

Oil oil oil.. stop it. As long as oil will exist in MX, it's politicians will stay selfish bastards and won't give a damn about it's ppl dying on the streets infront of their eyes. MX could be such a rich country if their damn corrupted government members would actually share and distribute it's wealth with the people. But noooooo, of course not. Fucken animals.

[xSeriox4]

Oil is what's keeping Mexico one step away from becoming first world country. Mexico needs to find more oil more zones. More oil will turn Mexico first world country. Gotta take care of that oil, and stop having accidents because that oil is the future of Mexico. 

[DanDF2912]

The current administration is ager to sell PEMEX since it is really a profitable business for them particularly. The greatest source of gross national income in MX comes from PEMEX. Due to this industry MX offers free education, free health care, among other social services which are used by the poor people (the majority) who can't afford to pay private services. Instead of selling, MX should invest in more refineries and deep water drilling.Don't be missinformed by other media! MX needs ITS oil

[WolYou]

Yes! Invest! Drill everywhere! Get the oil out. Quality of live doesn't matter. Culture doesn't matter. It's all about getting money to be able to buy crap you don't need.

[adilbro]

Well there is nobody who can sell a product which he fails to transport to the market/consumer!

the problem is the infrastructure, transportation, security and support. Mexico is at peace so these problems should be easily resolved compared to places like Iraq.

[LouisianaGatorGirl]

Al Jazeera, thanks so much for exposing the secret takeover attempt by Halliburton (Dick Cheney) of Pemex. Now that the world knows about it, I hope Halliburton and other foreign oil companies won't succeed in acquiring Pemex and that Pemex will always remain owned by the Mexican people.

[aflow1080]

Calderon who like his Master Bush stole presidential election have done nothing but depriving Mexican people their and I don't think they will accept his cruel tactics to sell country's oil resources.

[aflow1080]

How ironic. When Venezuelan people are getting great social services by testing part of their county's wealth thanks to prz Chavez. Mexico's are become football of Washington's politic and Mr. Calderon... the American Corporate stooge wants to sell the Mexican OIL fields. The only source that can liberate Mexican from Washington's political mocking and make them self reliance like Venezuelan people.

[emmanuelroque]

To all the people of the USA. something bad is gonig to hapen in mexico because the goverment want to sell pemex to shell but we know it and not gion to let it happen

[scorpiooooooh]

emannuel...

Royal DUTCH Shell

Not USA

[magorem]

not let it happen?? im Mexican and im telling you that calderon is the one selling it.

[ShounnenBatto]

And well, this is not related to PEMEX. But I want to put into perspective what NAFTA represents for Mexicans farmers. So, if anyone is interested, please watch this: watch?v=o0Dn14YlNI4.

And, of course, if you understand Spanish, like myself ^_^.

[abunas2008]

Mexico must learn from the gulf Arab states like Saudi,UAE, Kuwait & from Norway on how to properly manage & control state-run oil resources...I respect Mexico 4 havin full state control in ur oil resources BUT plz don't privatise.....don't end up like Nigeria, Angola, Chad etc were oil is a curse then a blessin

[ShounnenBatto]

Don't worry, Abunas, Haliburton can't do anything by now... as far as I know.

[LouisianaGatorGirl]

How do you know that?

[BIGMEL1981]

EHS lacks in the oil n gas sector in Mexico

[ShounnenBatto]

Senadin, What part of the consequences of NAFTA in LA countries isn't prove of that?

[keyan99]

What is with people on the internet? America trying to hurt mexico is bogus. We have a trade deficit to Mexico in the tens of billions and it goes up every year. If anyone is to blame, it's YOUR own country, not ours.

[scorpiooooooh]

It is not the fault of mexican citizens, it is not the fault of American citizens. We are being manipulated by greedy people who do WHATEVER it takes to get rich. Those people are the problem, you don't get it.  Citizen is just another word for surf or plebe in the rooms where multi-billion dollar deals are made. Drug lords dont care about the lives they riuned. To politicians, we are a vote to get them power and connections. To companies, we are machines on two legs. where's the money?

[keyan99]

Who said i support drug lords or anything illegal? Don't try to demonize business men for trying to produce things which are consequently dependent on the citizen. And where is the manipulation? Stop talking about conspirators if you can't even point to them. And no one would treat a person like a machine on two legs if they were more than that -- it would be a stupid business practice.

[jklasdfjdfksl]

nato if the main cause of mexico's economic woes. free trade in america has caused nothing but poverty for the vast majority and profits for US companies. under nato a US buisness is not at all dependent on mexican or US citizens, it the other way around. these companies have the right to own the resources of mexico and dictate slave labor wages and deteriortating standards of living and use their totalitarian ownership control to control the means of everyday existence.

[jklasdfjdfksl]

*oops meant nafta

[jklasdfjdfksl]

a trade deficit is completely ridiculous, the economic analysis used is flawed. this does not even take into account the US companies like GM, who manufacture products in mexico to exploit labor and own their market, then ship the goods back into the US. this is considered an import from mexico to the US, when all the capital is owned by the US buisness sector; its complete rubbish and nothing but a hollow trick.

[jklasdfjdfksl]

how long has latin america been hearing about the wonders of the free market without any results? liberal economic reform policies for the free market has brought nothing but stagnant poverty and profits for US companies. this has been imposed on them by US favored pinochet-like dictators and oligarchies, along with US terrorism and aggression. these "free trade" policies are aimed to prevent development and keep these people under the US boot.

[keyan99]

You seem to like to create facts. Interesting talent.

[jklasdfjdfksl]

exactly what facts am i creating. explain to me the what the wonders of the free market has done for nicaragua since it was brutally imposed on them through internationally recognized US terrorism in the 80's after the nicaraguans tried to trash a system that was not working for them. its the second poorest country in the hemisphere. latin america has strictly followed world bank, wto, imf, US-espoused economic development strategies. it has created poverty and profit for US-based elities.

[keyan99]

What I mean is that you think you are somehow more qualified than an economist; that in order for you to make your claims you first have to fallaciously denounce economists to proceed. Second, you are trying to bury me in information, making it pointless(and a waste of time)to argue any point because I have so many to address. Go on believing what you believe -- you seem dedicated.

[jklasdfjdfksl]

im not denouncing an economist, im just saying that it is pointless to call a US company that owns mexican resources and production, that is then sending products back to the US, a mexican import. all im saying is, people know best how to deal with their situation and should have self determination through control of their own economy (personally and nationally); people dont need some economist and greedy investors, who dont care about the people, running their lives for them.

[keyan99]

That US company had to buy those resources and must continually purchase the production -- so it's money in the Mexican economy, jobs in the Mexican economy. So what you mean by self-determination is democracy? You fail to see how little is self-determined in that debunked political theory. Slave to a majority or minority, you are still a slave. I would much rather be a slave to a minority that doesn't own the means of prosecution.

[jklasdfjdfksl]

the capital flows are completely in the hands of the US companies and none of it touches the mexican people; those US companies OWN that buisness and the profits it creates. they are only on paper as mexican exports for that blatantly flawed import/export tallying. there are vastly fewer jobs and living standards have declined drastically, hence the running for the border, following the capital flows (talk about rational behavior!).

[jklasdfjdfksl]

providing slave labor jobs in the poor conditions that US companies have created with the help of NAFTA and friendly mexican elites, is hardly a justification for the suffering that is being caused on a massive scale. i meant self-determination as far as being able to control the basic means of existence without having some foreign owner dictating it down to you; and having the human right to advancement; two things not brought by "free markets".

[keyan99]

You aren't supporting anything you are saying. Can you see how aggravating that is? I'm suppose to argue against something with no established premises? You are making quantum leap after leap. This is not profitable for me, and that's all I'm concerned with. Have a good night.

[jklasdfjdfksl]

im not the one making claims like "free markets only do not benefit the worthless" then leaving it at that. ive basically been repeating myself over and over again to dispel the common propaganda of free market development, that has no basis in reality and fact. you want objective data, look at latin america to see if free markets have developed them. china, india, japan, soviet union etc. all used sheltered markets. personally, i think it is self destructive anyway.

[keyan99]

The problem is that you arguing against free markets in countries that don't have them. It's the governments own fault for allowing it to be perpetuated if it's anybody's, not the FREE markets. If a worker is worth more than a dollar they should be paid it, for they will get work somewhere else. If a worker is worth less they should take what they can get. And worth is determined by need. When low skill labor is at high supply it's not the managers fault.

[JiveDadson]

There is no free market in oil in Mexico. The Mexican government nationalized the company in 1938. The company is in decline because its reserves have peaked and are not being replaced through exploration and development. It pays 60% of its income to taxes and royalties.

[ShounnenBatto]

I have being supporting (somehow T_T).

[jklasdfjdfksl]

lol, thanks for the imput, ill talk to everyone later.

[ShounnenBatto]

Ok, PEMEX sells oil to he US; there some American corporation refines it and turns it into gasoline, diesel, etc., and then sells is back to Mexico more expensive than they bought.

[maurusting]

Keyan,

illegal immigrants send money to mexico and put money into the economy. The money exchanged in multi million/billion dollar deals goes mostly into the pockets of the elite class. They only pay out for government and corporate bribes, returning just enough into an economy to keep thier companies running. Profits for the rich, power for the rich, the surplus for the rich. The people only get the bare minimum, they are maintained. Follow the money, you will find the corruption.

[keyan99]

Why don't you show me the corruption if it exists? Why should I follow the money when you are implying you have? And so long as the rich earn their money ethically, I don't have a problem with it. People being rich doesn't make people poor. Wealth is only representative of what you provide; money supplies contract and expand as a result. If poor people are poor, it's because they don't have anything to offer that is unique or needed.

[ShounnenBatto]

Honestly, I have to agree with Kenyan. I need you to be more specific about whose corruption, Mauru.

BTW, Kenyan, the most of the governments on this planet (I don't know where you're from), benefit corporations and the rich, take as an example that Bush has lowered taxes for them and has given US' lobbies what they wanted, even if it screws with Americans' life.

And you seem to be Republican so no wonder why you haven't noticed it yet.

[ShounnenBatto]

Well, Keynan, the immigration from Mexico, specially from states like Puebla, Oaxaca and Chihuhua, for instant, is very common. And recently there was a meeting from farmers in front of SAGARPA, demanding support against products from the US, which are subsided by the US govt (I assume you know that) and thus are cheaper, so Mexican farmers can't compete fairly.

And I can tell because I live in Puebla.

[keyan99]

I totally disagree with non-level playing grounds and their government is to blame for not acting in their people's interest. I don't have a problem with the blame of governments, because I think they are to blame for most problems economic, but I have a problem with blaming business, big or small, and competition.

[ShounnenBatto]

And who do you think the economic policies benefit the most?... Monsanto, for instance.

[keyan99]

It benefits everyone, except the worthless; but you could have never expected them to be worth anything anyway. Free economic policy benefits everyone, excluding the unable. And I don't disagree that people suffer as a result, but I don't think they were better off otherwise.

[jklasdfjdfksl]

if it only does not benefit the worthless, then you are just calling the vast majority of the worlds population worthless. honestly, a system that considers the people, whose resources it controls, useless is itself useless and fails in its main purpose to provide for them; they only care about profit gain for themselves. free markets underdevelop, and stagnate growth; free market imperialism causes poverty and crushes local economies and their people. its modern day slavery.

[jklasdfjdfksl]

if you are going to blame the governments, then you can blame the mexican government for allowing US buisiness penetration and "competition", which is the ultimate source of problem here. if you think mexican farmers ever had the capital power to compete with US agribuisness on a fair level at the signing of NAFTA, you have got to be delusional.

[jklasdfjdfksl]

government is the only way that buisness stays afloat, they are trying to peform cpr on the US economy to bail out the fraudulent investors and all they have is taxpayer money that the US governemnt is handing out on a silver platter. economic development has never happened without the shelter of government from outside dominating forces. this was how the US economy grew, by keeping out british, and other foreign goods, erecting tarris; all unitl their own infant economy could grow.

[jklasdfjdfksl]

when a governement comes into power that tries to develop in what the US considers their backyard playgound (latin america), there is usaually US backed military intervetion to overthrow that government and install a US-investor friendly regimes. allende in chile, hati repeatedly, sandanistas in nicaragua, attempted coup against chavez, guatemala in the 50's, the list goes on. US influences latin government with subversion, campaign funds, and outright aggression.

[ShounnenBatto]

JK, about the " you can blame the mexican government for allowing US buisiness penetration and 'competition' "... yes Salinas de Gortari made it in 1994, unfortunately.

[jklasdfjdfksl]

the argument that these companies are dependent on the citizens is laughable; once nafta has crushed mexican agriculture and drastically lowered living standards, what are mexicans suppossed to do, starve in order to protest? its the same thing in the US, social services are privatized and deregulated to be put into the hands of private economic dictators with complete control over the means of life.

[jklasdfjdfksl]

living standards correspondingly go down to accomodate the profit interests of these increasingly unaccountable elites. then some pompous economist comes along and claims that people want lower living standards because they are now forced to shop at wall mart, which promotes lower living standards in its workers.

[jklasdfjdfksl]

consumer savings and a tax refund go almost no way towards creating respectable living standards for the vast majority of people; its just a scam to help further strengthen the top strata of society by making them less accountable to the society they are leeching off of. people can be demonized for contributing to such mass-suffering, and rightly so; its the first step to taking out the trash.

[ShounnenBatto]

America not trying to hurt Mexico?... NAFTA comes into my mind. Well, about Oil, Haliburton can't do anything yet because the 27th Article of the 1917 Constitution declares that every resource found withing Mexican borders and its territorial waters, belongs to the country. Besides Álvaro Obregón nationalized Oil production in 1938, thus PEMEX was formed.

[keyan99]

How does opening trade hurt a country in an unethical way? Especially when their economy is gaining more than ours is. And I don't see how Mexico nationalizing their oil and now opening it up is somehow the US's fault.

[jklasdfjdfksl]

"opening trade" means that US companies are increasingly owning the mexican economy and are taking the livelihood of mexicans for themselves. this puts people in desperate positions as their independent sources of economic support are now owned by outsiders who now dictate to them if they will be able to stay alive and how much they will be rationed in order to stay alive and keep the profits flowing (its the standard sweat shop scenario).

[jklasdfjdfksl]

thats a joke, the mexican economy gaining more than the US's. just because some guy takes privatized US buisiness, who now own mexico's resources thanks to NAFTA, off of his spreadsheet and calls it a mexican import to the US does not mean that the mexican economy is gaining. in fact, capital flows in mexico are being tightly locked up by US elites who are completely unaccountable to mexican citzens and now exploit their desperate situation by providing slave wage labor.

[keyan99]

Like I said: I think you are more interested in convincing yourself than me and more power to you. I just don't want to be a "slave" to your finding yourself. This whole freedom thing is nice. I must be an elite because I am the only one that has it according to you.

[ShounnenBatto]

Oh, you... Mexico's Oil was nationalized since 1938!!

[almahdi20]

Halliburton, Caught in the act!

[TrevorJNoyes]

high ranking officials of the Bush administration always means trouble they should be in jail.

[ShounnenBatto]

Thus, PEMEX would have enough money to built its refineries, if Secretaria de Hacienda y Crédito Público (SHCP) wouldn't tax about 40% of their revenues. About foreign investment, if companies like Haliburton and Repsol have access to Mexican Oil, Mexicans will suffer worse than Bolivia when transnationals controlled their natural gas.

[scorpiooooooh]

If there is one thing american oil companies know how to do, it's pump oil. American oil has the ability, funding and experience to make mexico oil flow like a river. Someone or some people don't want to see that happen, at least not just yet. There is a plan, it is being executed, and we are nowhere in the loop, we're at the bottom of the feeding chain. Big fish feed off of little fish. It's what keep 'em alive and big. Big bucks, power, and with more power comes more control. u r played

[ShounnenBatto]

Scorpio, Haliburton can't get Mexico's Oil till some idiot from PAN or PRI decide to modify the 27 Article, as I explained in one of my previous comments.

[ShounnenBatto]

Pretty accurate. Besides PEMEX is losing money due to the government and syndicates corruption. Ironically, PEMEX has proven not to need Private Investment... despite the corruption and the taxes PEMEX pays (about 40% of their revenues).

[scorpiooooooh]

U.S. Corporate world and oil industry does not want Mexican oil to do well. If Mexico had a strong economy, then Mexicans would not be motivated to immigrate illegaly to the USA. The powers that control Pemex are well fed, have great healh plans, send their kids to private schools and drive nice foreign cars. Money is being made, the profits are going into the pockets of a privelidged few while the citizens of Mexico & America suffer. These problems are not coincidental, they are planned.

[ShounnenBatto]

Immigration from Mexico and other Latin American countries is because of the economical relations that the US has with countries such as Nicaragua, El Salvador, etc. So, until the US doesn't stop messing with LA countries, their economies aren't going to develop.

They are planned?... don't scare me, pal.

OFF TOPIC: And where the hell is the post I've done before this?