Word: pemex
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...Novarra, 23, stood in a Mexico City kerosene queue and spoke her mind. "Look how we have to stand in line to get a little kerosene for our stoves," she grumbled. "And they want certain kinds of cans or they won't sell you any. Damn the whole Pemex outfit...
...Mexican Government's attempt to run the oil industry has been a dismal flop. Pemex (Petroleos Mexicanos), the operating company, has been loaded with an administration of political lame ducks. Production has fallen, losses have skyrocketed. Mexico, which once exported 50% of its oil, now has barely enough for its own increased consumption. And it is in grave danger of running out of oil if Poza Rica, the one rich field, should go dry-as overworked fields sometimes...
...forestall popular protest, politically astute Miguel Alemán would have to deal with wealthy independents, mostly Texans, rather than the familiar major oil empires. A reorganized Pemex would undoubtedly supervise the new setup in order to sustain the necessary fagade of national control. But the independents have reservations: they want guarantees of long tenure, assurances against labor strife. It will probably take a lot of gelatine to make the scheme jell...