El Petroleo es Nuestro: A History of Oil in Mexico
Mexico's experience with oil contrasts sharply to the development of the same resource from the same formations in the United States, and it illustrates the most salient cultural, political, and historical differences between the two countries. "El Petroleo es Nuestro" uses the history of oil in Mexico to tell the story of the development of modern Mexico and its national institutions. Remastered and re-released for 2018!
El Petroleo es Nuestro: A History of Oil in Mexico
07 - The Lost Decade
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Brandon Seale
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Season 1
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Episode 7
Mexico limps through the 1980's following a collapse in oil prices and an effective default on its national debt. When the Harvard-educated, neoliberal Carlos Salinas takes office in 1988, he takes on the old structure of Mexico's statist economy, including PEMEX, the Oilworkers' Union, and its colorful leader, La Quina. You won't believe how close PEMEX came to getting it right in the early 1990's - before Salinas' government got so many things so very wrong.Suggested reading: http://petroleo.colmex.mx/