"The Child God deeded a stable / and the oil springs of the devil." Ramón López Velarde
Pemex could be proud of Mexicans. It is the largest company in our country and the fourth producer of crude oil in the world. It is also the entity that operates the most valuable resource that we have the Mexican oil.
However, Pemex is an example of everything wrong with our country. It is the only oil company in the world that loses money largely the product of an irrational tax treatment by the state that takes away more in taxes than it earns. The parastatal also suffers from an excess of staff and a maze of bureaucracy.
not surprising that the production of crude oil from Pemex has declined in recent years, need to import gas, gasoline, oil and petrochemicals, its technological level is low especially now facing the challenge of extracting oil from unconventional sources as the deepwater Gulf of Mexico or rocky areas Chicontepec. The problem is not the technical or Pemex workers but of the structure that the Government has imposed on the industry Mexican oil. Pemex is not only a monopoly, a monopoly is stifling.
In other countries citizens are owners of the hydrocarbons, as in Mexico, but the appeal is not delivered to bureaucratic monopolies.
In Canada, the inhabitants of each province are owned oil and gas, but there is a state enterprise that operates exclusively. Provincial governments operating concession areas and receives royalties from hydrocarbons, thereby ensuring an income for citizens without risking money on a highly specialized activity.
In Norway, Statoil, a state enterprise, produces oil and production dealers other firms, but also saves oil revenues in a pension fund for Norwegian citizens of today and the future rather than spending it at the present.
In Brazil, Petrobras, which began as a poor imitation of Pemex, enjoyed a progressive reform in the 90's, which allowed private investment in exploration and exploitation, and opened the door to private capital in the company. So the company, which originally was dedicated to import crude oil and gasoline, is now a leading exporter of oil and gasoline, as well as one of the world's leading specialists in oil exploration and drilling in deep water.
Pemex could also be pride of Mexicans, but it is not. Has been a burden than a boost to investment and productivity. Takes two years to start making plans for a refinery in Tula, Hidalgo, which we know will lose money as the rest of Pemex Refining.
Mexico is suffering an acute case of evil, or syndrome, Dutch. The facility to export a high-priced natural resource generates a complacency that ultimately impoverish a country. In Mexico worsen this disease by prohibiting private investment in areas such as the refining of gasoline or by using oil revenues as an excuse to avoid a real fiscal reform.
The only achievement of the alleged nationalist politics in hydrocarbons has been to deprive the Mexicans of hundreds of billions of dollars in oil wealth . This theft has been particularly terrible because for millions of Mexicans living in extreme poverty, the only real wealth is its involvement in oil wealth. Mexican politicians have finish the passage of time without creating better opportunities for the poor. Heritage
Mexico has 14 billion barrels of proven reserves of hydrocarbons. A $ 90 per barrel, this equdivale 1 trillion 260 billion dollars. Each of the 112 million Mexicans in the country so we have $ 11.250 in wealth in the ground. For the poorest, this is their only patrimony. What a shame that politicians have it right. Sergio Sarmiento
www.sergiosarmiento.com
Pemex could be proud of Mexicans. It is the largest company in our country and the fourth producer of crude oil in the world. It is also the entity that operates the most valuable resource that we have the Mexican oil.
However, Pemex is an example of everything wrong with our country. It is the only oil company in the world that loses money largely the product of an irrational tax treatment by the state that takes away more in taxes than it earns. The parastatal also suffers from an excess of staff and a maze of bureaucracy.
not surprising that the production of crude oil from Pemex has declined in recent years, need to import gas, gasoline, oil and petrochemicals, its technological level is low especially now facing the challenge of extracting oil from unconventional sources as the deepwater Gulf of Mexico or rocky areas Chicontepec. The problem is not the technical or Pemex workers but of the structure that the Government has imposed on the industry Mexican oil. Pemex is not only a monopoly, a monopoly is stifling.
In other countries citizens are owners of the hydrocarbons, as in Mexico, but the appeal is not delivered to bureaucratic monopolies.
In Canada, the inhabitants of each province are owned oil and gas, but there is a state enterprise that operates exclusively. Provincial governments operating concession areas and receives royalties from hydrocarbons, thereby ensuring an income for citizens without risking money on a highly specialized activity.
In Norway, Statoil, a state enterprise, produces oil and production dealers other firms, but also saves oil revenues in a pension fund for Norwegian citizens of today and the future rather than spending it at the present.
In Brazil, Petrobras, which began as a poor imitation of Pemex, enjoyed a progressive reform in the 90's, which allowed private investment in exploration and exploitation, and opened the door to private capital in the company. So the company, which originally was dedicated to import crude oil and gasoline, is now a leading exporter of oil and gasoline, as well as one of the world's leading specialists in oil exploration and drilling in deep water.
Pemex could also be pride of Mexicans, but it is not. Has been a burden than a boost to investment and productivity. Takes two years to start making plans for a refinery in Tula, Hidalgo, which we know will lose money as the rest of Pemex Refining.
Mexico is suffering an acute case of evil, or syndrome, Dutch. The facility to export a high-priced natural resource generates a complacency that ultimately impoverish a country. In Mexico worsen this disease by prohibiting private investment in areas such as the refining of gasoline or by using oil revenues as an excuse to avoid a real fiscal reform.
The only achievement of the alleged nationalist politics in hydrocarbons has been to deprive the Mexicans of hundreds of billions of dollars in oil wealth . This theft has been particularly terrible because for millions of Mexicans living in extreme poverty, the only real wealth is its involvement in oil wealth. Mexican politicians have finish the passage of time without creating better opportunities for the poor. Heritage
Mexico has 14 billion barrels of proven reserves of hydrocarbons. A $ 90 per barrel, this equdivale 1 trillion 260 billion dollars. Each of the 112 million Mexicans in the country so we have $ 11.250 in wealth in the ground. For the poorest, this is their only patrimony. What a shame that politicians have it right. Sergio Sarmiento
www.sergiosarmiento.com
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