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 News Around the Republic of Mexico | March 2007 
Lopez Obrador Warns Bush off Mexican Oil
 Prensa Latina
| | Lopez Obrador said Bush would have to look in the Republic's Constitution, which clarifies Mexican oil is owned by the entire nation and cannot go into private or foreign hands. |
Mexican opposition leader Andres Manuel Lopez Obrador warned US President George W. Bush Mexican oil belongs to the whole country, and will not be given to private or foreign companies.
The former presidential candidate made the statement after the US president, who is on an official Mexico visit until Wednesday, suggested the current Mexican government allow foreign investment in energy.
Lopez Obrador said Bush would have to look in the Republic's Constitution, which clarifies Mexican oil is owned by the entire nation and cannot go into private or foreign hands, otherwise "our country would have no future," he warned.
The opposition leader pointed out that for each one peso in the national budget, 40 cents come from oil income and, if control of hydrocarbons is given in, there would be no means to finance public education, health, or development.
Mexico, US in for Hot Meeting
Prensa Latina
Mexican analysts forecast a complex meeting between US President President George W. Bush, to arrive Monday in Merida, Yucatan, and President Felipe Calderon.
Analysts Victor Cuellar and Jose Martinez said the meeting will be more of the same unless Calderon remains firm on recent statements.
Among polemical issues Cuellar mentions mutual respect, "not subordination," emigration, drug trafficking and oil.
Cuellar recalled that organized crime in Mexico lives on drug consumption in the US.
Critic Jose Martinez called oil a curse for Mexicans, for US transnationals have an eye on state-run Petroleos Mexicanos. Calderon denies this, but PEMEX may be ravaged sooner than expected.
Oil remains on Bush's agenda, adds Martinez, who recalls that the Central Intelligence Agency, via front companies, insists on encouraging Mexicans to privatize its oil. |
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