The Rising Influence of Rising Affluence

[OakesCS]

mexico

Mexico probably still has plenty of oil, especially beneath the deep waters of the Gulf of Mexico, but Pemex lacks the technology and know-how to get it out. Inviting foreign companies into the country to help is one of the touchiest propositions in Mexican politics.

true, true, & true; however, the tale isn't limited to mexico. while the foreign companies invited into such protectionist countries are not always from the US largely due to higher cost of services for US or 'western' companies, this is definately a "you get what you pay for" business. I think unlike some other natl oil companies, Pemex has the good sense to avoid the temptations of "Bidder Lowest".