Recently in Mexico Category

The dysunfctional operations of Pemex, Mexico's state oil company have long been known, and long been the source of exasperation almost worldwide. Mexico analyst George Baker touched on some of those issues several months ago in this entry. Now, in this week's Platts Oilgram News column, Platts correspondent Ron Buchanan discusses the latest attempt to change Pemex' trajectory.

Like a psychology researcher laying out his findings about an utterly dysfunctional family, George Baker let Pemex have it Monday night.

At a presentation before New York's Energy Forum, Baker delivered a verdict of everything that's wrong with the state-owned oil company and the government that dictates its moves, conclusions he drew from years as a US-based analyst of the country, and consultant to companies trying to figure out just how things get done. If he spoke of anything right with the industry, it flew by too quickly to be remembered.