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Battle brews over future of Mexican oil

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“The cartoon in a recent newspaper said it all: A sinking ship labeled “Mexico” hangs underwater, tied to a floating oil barrel, as a hand holding scissors prepares to cut the cord.

Mexico is in an uproar over President Felipe Calderón’s effort to reform the state oil monopoly, whose sales have long kept the government budget afloat as well as supplying a big chunk of the United States’ energy needs.

Protesters are threatening to seize oil refineries, block highways and shut down airports. The Popular Revolutionary Army, a guerrilla group known for bomb attacks, has vowed to cripple the company if the government opens it to foreign investment. About 28,000 activists have joined “brigades” to carry out civil disobedience”*

*From: www.azcentral.com
Traducido: usando Google o Altavista/Babel Fish

Posted on: April 8th, 2008
Curation from Tomás
Filed Under: 1. Hispanic News, Business, Business News, International
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