Tag Archives: Pemex

Pemex and the CFE in Eye of a Political Hurricane

By RICARDO CASTILLO     Mexico’s state-owned energy companies Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) continue to be leading problems for the administration of President Andrés Manuel López Obrador (AMLO). Both are separate entities that must be dealt with separately. So we’ll start with a look at Pemex, and then consider th CFE a few paragraphs down. Pemex and

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Will Herrera Fit the Mold of AMLO’s Expectations?

By RICARDO CASTILLO     Definitely the outstanding image in Mexico for the week July 8-12 was the stone-cold face of Arturo Herrera Gutiérrez as President Andrés Manuel López Obrador appointed him the government’s new finance secretary. Herrera Gutiérrez looked as if he was attending his own funeral. The fact is that a lot of political pundits noticed the grave gesture, that

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New Arrest Warrant for Lozoya Is A Family Affair

By RICARDO CASTILLO       What came as a shock to the Mexican political system last Friday, July 5, was not that the nation’s fiscal (attorney) general managed to get a judge to issue him yet another arrest warrant against former Petróleos Mexicanos (Pemex) Director Emilio Lozoya Austin, but that the arrest warrant also included his mother, wife and sister, Gilda Austin,

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AMLO Strikes Down Corporate Tax Waivers

By RICARDO CASTILLO     With a stroke of his pen, Mexican President Andrés Manuel López Obrador (AMLO) on Monday, May 20, eliminated tax waivers for big Mexican corporations that they had enjoyed since year 2000. The tax waivers were perfectly legal. They  had been awarded by former Presidents Vicente Fox and Felipe Calderón, and sustained by Enrique Peña Nieto. In total,

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Thank You, AMLO, for Aggravating My Asthma

By THÉRÈSE MARGOLIS     Who’s to blame for the terrible levels of air contamination in Mexico City right now (the worst levels of small-particle pollution in over five years)? You guessed it: Mexican President Andrés Manuel López Obrador (AMLO) and his bumbling band of inept advisers and cabinet members. Yes, high temperatures, stagnant air and a lack of any relief in

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Despite Fierce Opposition, AMLO Says Dos Bocas Refinery Is a Go

By RICARDO CASTILLO     It was a heyday for all the neoliberal journalists who not only question but will try to tear to pieces any project the still-new administration of Mexican President Andrés Manuel López Obrador (AMLO) comes up with. As informed by Pulse News Mexico last on Friday, May 10, Energy Secretary Rocio Nahle García decided to declare the construction

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