Petroleum, some people call it, Black Gold. Oil runs our daily lives, we made it habit to use it every single day, without oil, we would go school or work in a car, we would have electricity in order to our alarm clock to sound in the morning or to take a nice warm shower, or even have light to see. The U.S. consumes one fourth of all oil consumed in the world, with more than 20,000,000 bbl/day (barrels per day)most of the U.S. oil comes from exports, one of them being PEMEX, Mexico's state owned oil company, being the 6th largest in the world, which 82% of their exports is exported to the U.S.
In the early 1930s people were striking foreign owned oil companies in Mexico, for an increase in pay and social service. In the result of that in1938 President Lazaro Cardenas, nationalized Mexican oil, every single drop of crude oil inside the country was Federal property, even to this date, creating one oil company and making it the 5th largest oil exporter company in the world. Many people want to privatize Pemex, like Carlos Slim, George Bush, Andres Manuel Lopez Obrador, but the president always denied it, is not an option to privatized Pemex, and it will not benefit the country.
