MEXICO: Pemex' Progress

Mexico's President Miguel Aleutian likes to claim as one of the most notable achievements of his six years in office the successful rise of Pemex, the government oil monopoly. Recently, when his government raised a monument to Pemex in Mexico City's Paseo de la Reforma, the pedestal bore not only the famous 1938 expropriation decree of President Lazaro Cardenas, but quotations from a 1936 pro-expropriation speech by Aleman, then the youthful governor of Veracruz. Last week, in the final month of his presidential term, President Aleman flew to the Gulf Coast jungles to inspect Pemex' new...

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