Word: mexi
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Dates: during 1980-1989
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...experts, however, believe Mexico would not have the wherewithal to make the investment required to double its output unless it could line up cash customers first. One willing buyer might be the U.S. Department of Energy, which under a one-year contract is already pumping 170,000 bbl. of Mexi can oil per day into the U.S. Strategic Petroleum Reserve, and has paid $1 billion in advance...
About the only obvious beneficiaries of devaluation so far have been the Mexi can businesses that are nestled along the U.S. border from Tijuana to Matamoros. They are enjoying a virtual stampede of U.S. consumers, who are swarming south from San Diego to cash in on lower prices resulting from a U.S. dollar that suddenly buys nearly twice as much in Mexico as it did a month ago. Bargains include unleaded gasoline, which now sells for 87? per gal., vs. $1.50 in early February, and white rice, which goes for a mere 30? per Ib. By contrast, business in many...