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Does Oil Flow Both Ways in Mexico?
Issue Time:2010-12-09

Mexico isn't part of the Organization of Petroleum Exporting Countries. But by starving its oil industry of funding, and curbing supply that could moderate prices, it sure helps out. Can it now work the other way?

Foreign ownership of Mexican oil resources is constitutionally prohibited. But state-owned Petróleos Mexicanos, or Pemex, wants to award service ...