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Did the government of Mexico expropriate a US oil company many years ago perhaps before World War 2?
Wiki User
∙ 10y ago
Yes, in 1938, just before the war. Its apparently a bit of larceny of which the Mexicans are quite proud, as the Mexican government issued a commemorative coin to mark the 70th anniversary of the heist in 2008. The oil industry is nationalized in Mexico now, through the state-owned company Pemex. They keep gasoline prices ridiculously cheap, like fifteen cents per gallon, because the government doesn't want to do anything to help the 99% of Mexicans who are completely impoverished. Even poor people can afford a little gas at those prices.
Wiki User
∙ 10y ago
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Is there a Texaco in Mexico?
No; by law the only gas and diesel distributor in Mexico is the government-owned company, Petroleos Mexicanos (PEMEX).
Biggest company in Mexico?
Government-owned Pemex qualifies as such, both in terms of revenue and number of employees.
What is Mexico government now?
what is mexico government now
Who is the head of the government in Mexico?
The president of Mexico is the head of Mexico's government.
Who now controls the oil industry in Mexico?
The State, by means of the government-owned "Petroleos Mexicanos - PEMEX" company.
What are the countries that boarder the Gulf of Mexico?
The US, Mexico and perhaps Cuba.
Why did the spanish build road between Santa Fe and Mexico city?
To get to Santa Fe from Mexico City; or, to get to Mexico city from Santa Fe . . . perhaps . . .
In 1980 what was the ticker symbol for Telefonos De Mexico?
In 1980 Telefonos de Mexico was still a government-owned company. In 1990 then president Carlos Salinas began its privatization process.
What is Mexico's current type of federal government?
Mexico's government is a federal republic similar to the government of the United States.
What kind of government did Spain want for Mexico?
what kind of government did mexico have when spain controlled them
Describe the government that was set up in Mexico in 1822?
government that was set up in Mexico in 1822
What does the National government in Mexico do?
You mean the federal government? Basically, it keeps the country of Mexico running.
