The New York Times, 12/12/2013
Every gas station in Mexico is stamped with the green-and-white logo of the state-owned oil monopoly, the economic lifeblood of the government. Oil Expropriation Day, commemorating the day Mexico seized control of the industry from multinationals in 1938, is celebrated with speeches and even parades in some towns. An old song, “The Oil Worker Hymn,” credits oil with “saving our fatherland.”
But now, President Enrique Peña Nieto, in what could be the biggest economic change in two decades, is on the verge of rewriting the constitution to open Mexico’s oil, gas and electricity industry to private investment — a provocative move that could shake up the North American energy industry and test the storied grip Mexico’s oil has had on its soul.