Antonio J. Bermudez assumes the Directorship of PEMEX and makes it the animal we have come to know and love. PEMEX truly becomes an oil company, making critical downstream investments and finally surpassing pre-Expropriation activity. But hints at her future struggles appear even as the great Petrolera achieves her first successes.Suggested reading: Antonio J. Bermúdez, "Doce Años al Servicio de la Industria Petrolera Mexicana, 1947-1958."