Pemexed Out

320px-Oil_platform_P-51_(Brazil)In 1938, Mexican President Lázaro Cárdenas expropriated and nationalized the largely foreign-owned petroleum industry in Mexico. Since that time, Mexico has maintained one of the most restrictive legal frameworks for energy development in the world. The Mexican constitution virtually excludes participation by foreign energy firms, with the result that Petróleos Mexicanos (Pemex), the national oil company, has a monopoly on the exploration and production of oil and gas. Continue reading Pemexed Out

The Tipping Point

President Obama Can a presidential election be considered decisive when the popular vote was almost evenly divided, when the turnout was lower than it was four years ago and when the opposition party kept control of the House of Representatives? Unfortunately, I think it can. Continue reading The Tipping Point

Fish gotta swim, birds gotta fly

Expecting corporations to put human rights, employee well-being or even national interest before profit is naïve. Fish gotta swim, birds gotta fly, corporations gotta make money. It’s what they do. Continue reading Fish gotta swim, birds gotta fly