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Abstract

Mexico Shows the Way

Halevy, Julian | December 15, 1956 issue

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A few weeks ago, with the world furious over the invasion of Egypt, the Syrian army cut off a major oil supply by the simple expedient of blowing up three pumping stations on the Iraq Petroleum Co.'s pipeline across Syria. It is worthwhile at the moment to evaluate the accomplishments of Petroleos Mexicanos, Mexico's government-oil company, during the 18 years since President Lazaro Cardenas reluctantly signed the order expropriating what is today the sixth largest oil industry outside the Soviet sphere. The expropriation was precipitated by the refusal of the foreign oil companies to accept a decision of the arbitration boards and of the Mexican Supreme Court awarding more pay to the workers.

See Also:

PETROLEUM industry & trade; IRAQ Petroleum Co.; CARDENAS, Lazaro; ENERGY industries; MEXICO; SYRIA

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H.L. Mencken, "An Eminent American," July 11, 1923.

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