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MEXICO: Oil



The United States is deeply concerned about the oil supply, which is largely controlled by OPEC. Some reports have said that under Fox Mexico will be more cooperative. This remains to be seen. PEMEX is a sacred cow, and again today Fox said he would not privatize it, and he hinted that Mexico might join OPEC. This may just be domestic propaganda, but the PEMEX union, which has wide support, could cause enormous trouble. It has ties with Castro's Cuba. Jim Whelan said that Fox had met with Castro in Cuba. I have vague memories of this, and have asked him for details.Since Fox is viewed as very pro-American, the Castro machine in Mexico is like a time bomb.

Ronald Hilton - 7/05/00


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