Monday, April 14, 2008

Mexico: Opposition slumber party vs. gov’t

All sarcasm aside, several legislators have barricaded themselves in Mexico’s congress in order to protest the government’s energy reforms. The congressmen have demanded that a “national debate” take place over plans by President Felipe Calderon to partially privatize the state-run oil firm, PEMEX.

Critics of Calderon - like Andres Manuel Lopez Obrador- have warned that the president’s plan will lead to a full privatization of PEMEX:

Mexico's Constitution bans most private and foreign involvement in the industry, although Pemex subcontracts some work to private firms. The bill would allow Pemex to pay bonuses to private companies but not a share of the oil profits.

Lopez Obrador said the bill aims to privatize Pemex, allowing Mexico's oil revenues — which now account for nearly 40 percent of the national budget — to go to private and foreign companies.

He urged his followers to go house by house and neighborhood by neighborhood to educate Mexicans about "the grave consequences" of the bill.

Sources- Reuters, Associated Press, The Latin Americanist, Guardian UK

Image- Voice of America

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