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  Topic: Pemex Explosion Should
Push Mexico To Privatize
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Pemex Explosion Should
Push Mexico To Privatize

Investor´s Business Daily, by Editorial

Original Article

Posted By:PageTurner, 2/5/2013 1:50:40 PM

Socialism: Whether it was an accident or sabotage, the deadly explosion at Mexico´s state-owned oil firm wasn´t an unusual event. The one thing Thursday´s incident at the Pemex tower should be is a spur to privatize. Despite a much-publicized war against cartels, the real Mexico story is one of moderately good economic growth with zero net illegal emigration and a public sector financed by a budget showing a $1 billion annual surplus. But then there´s Pemex, the supposed symbol of national sovereignty, which in reality is nothing but a millstone around Mexico´s neck holding the country back from far greater gains.

Comments:
Mexico´s state oil company is a disaster. The country would be rich if it didn´t have to keep propping up this dinosaur.

      


Post Reply  

Reply 1 - Posted by: Bevan, 2/5/2013 2:36:56 PM     (No. 9160211)

Brawndo...it has electrolytes

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Reply 2 - Posted by: vesicant, 2/5/2013 5:54:52 PM     (No. 9160490)

What are they smoking over there at IBD? An explosion only increases calls for government regulation and supervision -- just look at happens here in the US. The Federales will only grasp Pemex all the closer.

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