MEXICO: Oil Decision

Once more oil resounded with a sickly "glub" throughout Mexico. This time, however, the "glub" was in favor of U. S. oil interests.

In an appeal suit brought by the Mexican Petroleum Co. (a subsidiary of the Pan-American Petroleum and Transport Co., controlled by the Standard Oil Co. of Indiana) to restrain the Mexican Ministry of Industry, Commerce and Labor from canceling the oil drilling permits of the company (which the ministry had already done), the Supreme Court of Mexico passed judgment in favor of the U. S. concern.

The court condemned as unconstitutional article XIV...

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