4 ms·

Worth remembering Mexico nationalized gas, leading to gas shortages, rationing - and higher prices.

forthwall 7y ago
That seems like a un-nuanced generalization of Mexico and it's politics. Saudi Arabia has nationalized gas and has no shortage and low prices.
- privateSFacct 7y ago
  Saudi Arabia's subsidy of gas prices likely results in either unsustainable economic performance without oil revenue and/or a total lack of value for fuel efficiency = environment impact. They are having some actual success reforming in this area - http://www.arabnews.com/node/1353116 http://www.arabnews.com/node/1353116
- gnusty_gnurc 7y ago
  I'm just relaying the sense I get from all of my Mexican friends, and studying their culture and history. Their government is unbelievably corrupt and under-performing - and insofar as they've nationalized the provision of gas, yes I expect their government to be less reliant than private&international companies.
ac29 7y ago
Mexico nationalized the petroleum industry... in 1938 [0]. Are you talking about something else? [0] https://en.wikipedia.org/wiki/Petroleum_industry_in_Mexico https://en.wikipedia.org/wiki/Petroleum_industry_in_Mexico
licebmi__at__ 7y ago
Worth debunking that, as: a) Mexico nationalized gas on 1938. b) Fuel shortage and price hike actually started on 2016 when the previous right wing government deregulated the gas price, and allowed other companies to sell fuel in a free market scheme. Panic sales as everyone was expecting a price hike were the cause of fuel shortages across 2016 and 2017. While the current government has currently halted the privatization process for PEMEX, based on allegations of corruption and dirty business; the fuel shortage was (at least the official story) because of an operation to stop fuel theft, again with allegations of complicity of previous governments.
- gnusty_gnurc 7y ago
  It's hard for me to see PEMEX as a noble venture when price controls on gas largely act as a subsidy for the richest in Mexican society. I would blame less on "right wing deregulation" and more on a system that is rotten to the core and failing at such a basic service like providing fuel.
  - licebmi__at__ 7y ago
    >It's hard for me to see PEMEX as a noble venture when price controls on gas largely act as a subsidy for the richest in Mexican society. Kinda like every other subsidy in a capitalist society. >I would blame less on "right wing deregulation" And that's called being blind by ideology. Having a pro-market stance is respectable position. Being blind to our ideology shortcommings is less than ideal but normal. Trying to rewrite history to fit our own ideology either by mistake or willingly, is being a propagandist.
dredmorbius 7y ago
s/Mexico/Saudi Arabia/ Or, effectively, most other petro states. At the very least, the leading petroleum venture is a public-private hybrid. Petro-state political economy is a strange, fire-breathing, beast.

That seems like a un-nuanced generalization of Mexico and it's politics. Saudi Arabia has nationalized gas and has no shortage and low prices.

privateSFacct 7y ago
Saudi Arabia's subsidy of gas prices likely results in either unsustainable economic performance without oil revenue and/or a total lack of value for fuel efficiency = environment impact. They are having some actual success reforming in this area - http://www.arabnews.com/node/1353116 http://www.arabnews.com/node/1353116
gnusty_gnurc 7y ago
I'm just relaying the sense I get from all of my Mexican friends, and studying their culture and history. Their government is unbelievably corrupt and under-performing - and insofar as they've nationalized the provision of gas, yes I expect their government to be less reliant than private&international companies.

ac29 7y ago

Mexico nationalized the petroleum industry... in 1938 [0]. Are you talking about something else? [0] https://en.wikipedia.org/wiki/Petroleum_industry_in_Mexico https://en.wikipedia.org/wiki/Petroleum_industry_in_Mexico

licebmi__at__ 7y ago

Worth debunking that, as: a) Mexico nationalized gas on 1938. b) Fuel shortage and price hike actually started on 2016 when the previous right wing government deregulated the gas price, and allowed other companies to sell fuel in a free market scheme. Panic sales as everyone was expecting a price hike were the cause of fuel shortages across 2016 and 2017. While the current government has currently halted the privatization process for PEMEX, based on allegations of corruption and dirty business; the fuel shortage was (at least the official story) because of an operation to stop fuel theft, again with allegations of complicity of previous governments.

gnusty_gnurc 7y ago
It's hard for me to see PEMEX as a noble venture when price controls on gas largely act as a subsidy for the richest in Mexican society. I would blame less on "right wing deregulation" and more on a system that is rotten to the core and failing at such a basic service like providing fuel.
- licebmi__at__ 7y ago
  >It's hard for me to see PEMEX as a noble venture when price controls on gas largely act as a subsidy for the richest in Mexican society. Kinda like every other subsidy in a capitalist society. >I would blame less on "right wing deregulation" And that's called being blind by ideology. Having a pro-market stance is respectable position. Being blind to our ideology shortcommings is less than ideal but normal. Trying to rewrite history to fit our own ideology either by mistake or willingly, is being a propagandist.

dredmorbius 7y ago

s/Mexico/Saudi Arabia/ Or, effectively, most other petro states. At the very least, the leading petroleum venture is a public-private hybrid. Petro-state political economy is a strange, fire-breathing, beast.