bomb on the Mexican political scene. The Senate received an executive initiative that would fundamentally change the structure and operations of the oil company, Petroleos Mexicanos (Pemex). Key operations of the state-owned enterprise would pass into private hands.
With this move, Calderon and his National Action Party (PAN) took care to avoid proposing modifications to the Mexican constitution.
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No. Oil is a major source of energy, and the price of energy affects just about everything. For instance, when fuel prices went up this summer, so did the price of food and anything else that needed to be transported.
Rising prices affect economies in many ways.
yea there ignoring all the complicated stuff