Word: expropriationism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
The four-year wrangle over Mexico's expropriation of U.S. oil properties was finally settled last week. The winner: Mexico, hands down.
Bitterer still was another point in the agreement: the U.S. companies are still liable for "the private claims against [them] now pending before the Mexican courts." If the "private claims" include all the wage claims that were made just before expropriation, it could well mean that Standard, et al. owed...
Died. Eduardo Hay, 64, Mexico's Secretary of Foreign Affairs (1935-40) under President Lazaro Cardenas; in Mexico City. He championed the expropriation of foreign-owned oil, at the same time plumped for inter-American solidarity.
Chief worry of the U.S. companies has been that Mexico, if permitted to get away with its expropriation, might set an example for other countries where they have even greater investments. But even the State Department's deal would not be much inducement for expropriation elsewhere. For one thing...
Mexico, while plumping 1,000% for the State Department deal, also had reason to lean a bit toward the Parish compromise. Since Mexico kicked the gringos back up north, its oil properties have been limping and stalling. Last year's production was 40,300,000 bbl.-compared to 46...