Word: tabasco
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Dates: during 1980-1989
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Pemex's safety record is spotty. A 25,000-gal. gasoline-storage tank exploded in the central Mexican city of Tula last January. No one was injured then, but one died and 33 were hurt in another explosion in June in the state of Tabasco. A week later, a pipeline leak in Veracruz intoxicated 16. Inhabitants of San Juan Ixhuatepec claim a fire broke out there last June, but neighborhood protests got nowhere. Pemex Spokesman Salvador del Rio denies this, saying that there were no recent fires and that maintenance was "done continually...
...Portillo too was an optimist. When he took power in 1976, inflation was 30%, and Mexico already owed some $20 billion to foreign banks. But geologists were discovering that in vast fields located in Chiapas and Tabasco states, as well as off the Yucatan peninsula, Mexico possessed proven oil and gas reserves that are now estimated to total 72 billion bbl., second only to Saudi Arabia. The fields were quickly exploited, and by 1981 Mexico was pumping 2.5 million bbl. per day, making it the world's fourth largest oil producer. Mexico earned $14 billion from its wells...
...beginning, Lopez Portillo had both luck and geology on his side. When he took office, Pemex, Mexico's national oil company, had begun turning up one oil and natural gas discovery after another in the country's southern Tabasco and Chiapas states. With an output of some 2.7 million bbl. per day, Mexico became the fourth largest oil producer in the world...