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Author Topic: U.S. oil companies urge Trump to pressure AMLO on energy reforms  (Read 645 times)

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Offline Elderberry

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U.S. oil companies urge Trump to pressure AMLO on energy reforms
« on: June 26, 2020, 10:51:40 am »
Houston Chronicle by  James Osborne June 25, 2020

Ahead of a U.S. visit by Mexican President Andres Manuel Lopez Obrador, energy companies are ramping up pressure on the Trump administration to persuade Obrador to move ahead with energy reforms that were supposed to mean big business for U.S. firms.

Since taking office in 2018, Lopez Obrador has steadily rolled back market reforms, put in place by his predecessor, to protect state-owned oil and power companies that stood to lose market share to foreign competitors tasked with modernizing the nation's aged energy sector.

"American companies have invested billions of dollars in Mexico since 2013, primarily in storage, pipelines, and marketing infrastructure," Chet Thompson, president of the American Fuel and Petrochemical Manufacturers, a trade group representing refineries, wrote in a letter to President Donald Trump this week. "Unfortunately, recent actions taken by the Mexican government threaten the important progress that has been made."

More: https://www.houstonchronicle.com/business/energy/article/Oil-companies-press-Trump-to-stand-up-to-AMLO-15365793.php
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Offline GtHawk

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Re: U.S. oil companies urge Trump to pressure AMLO on energy reforms
« Reply #1 on: June 27, 2020, 02:15:28 am »
Obviously AMLO requires bigger brib...................er incentives, deal with a third world country and you better be prepared to pay to play and pay and pay and pay.
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Offline Joe Wooten

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Re: U.S. oil companies urge Trump to pressure AMLO on energy reforms
« Reply #2 on: June 29, 2020, 06:22:50 pm »
He's a communist. The Mexican government will simply nationalize all the oil business again whenever it suits them to, no matter how big the bribes are.
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Offline IsailedawayfromFR

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Re: U.S. oil companies urge Trump to pressure AMLO on energy reforms
« Reply #3 on: July 01, 2020, 02:19:05 am »
Quote from: Joe Wooten on June 29, 2020, 06:22:50 pm
He's a communist. The Mexican government will simply nationalize all the oil business again whenever it suits them to, no matter how big the bribes are.
yep, if not him, then another Mexican chief will do it.

It is in their blood, and will not change.

Mexico is the worst country in the world for the oil business, but Venezuela might be even worse.
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No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline EdinVA

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Re: U.S. oil companies urge Trump to pressure AMLO on energy reforms
« Reply #4 on: July 01, 2020, 02:32:59 am »
So, the American business goes to a socialist country hoping to make billions and gets their hand slapped and Trump is supposed to fix it for them?  Why is it Trumps, a.k.a American Taxpayer, problem to solve?
You roll the dice and take your chances.... that is the game of business.
Cannot take the risk, stay home.
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