Today, it is up to all Mexicans to act with true patriotism, to make better use of our resources for the benefit of all Mexicans.
Mexican men and women, good evening.
I am addressing you at a key point in the history of our nation.
Today, exercising the powers vested in me by the Constitution, I submitted a reform proposal to Congress to make the best use of the potential of our petroleum industry and strengthen Petróleos Mexicanos.
Seventy years ago, General Lázaro Cárdenas' vision gave Mexico a future.
Today, it is up to all Mexicans to act with true patriotism, to make better use of our resources for the benefit of all Mexicans.
Mexico requires lofty goals and a vision of the future.
First of all, I would like to make it quite clear that petroleum is and will continue to belong exclusively to Mexicans. PEMEX will not be privatized. Petroleum is an emblem of national sovereignty and has been vital to the development of Mexico.
The initiative does not seek to privatize but rather to strengthen Petróleos Mexicanos.
Mexico is losing ground vis-à-vis international competition. PEMEX has dropped to 11th position after being one of the world's leading oil companies.
The causes are not only financial but mainly technological and operative. As a result, the country’s oil reserves are declining.
At current production rates, we have proven reserves for just over nine years of production. Production has fallen and we now extract 300,000 fewer barrels than 3 years ago.
This means that we have stopped receiving approximately $100 billion pesos annually, with which we could have quadrupled the Oportunidades Program budget, which supports the country’s poorest families.
Despite being an oil-rich country, four out of every ten liters of the gasoline we use in our cars comes from other countries, since PEMEX lacks the necessary capacity to refine petroleum.
The good news is that it is possible to increase the capacity to find new oil reserves, that it is possible to boost Petróleos Mexicanos’ production capacity for the country's benefit.
Fortunately, we have the capacity and the potential to adjust our course. We have workers who have provided proof of their capacity, responsibility and patriotism.
We have major inland seams and near the coasts but it is estimated that over half our potential reserves are in the deep waters of the Gulf of Mexico. We should take advantage of that wealth.
That is why the aim of the reform is for Mexico to have oil, not only for the next few years, but for future generations of Mexicans and for oil wealth to produce more well-being for all.
The initiative I sent Congress seeks to strengthen PEMEX by guaranteeing its status as a public firm at all times and guaranteeing Mexicans' exclusive ownership of oil and the company's control of exploration, drilling, exploitation and petrochemicals.
The initiative does not seek to modify the Constitution. It will guarantee that the company continues to belong to all Mexicans.
The principles proposed for reinforcing Petróleos Mexicanos are as follows:
First. I propose to give Petróleos Mexicanos the financial and managerial autonomy it requires to cope with new challenges as well as possible.
In particular, we wish to give PEMEX greater freedom as regards the handling of its budget and debt, so that it can re-invest any surplus in improving the firm. This will enable more resources to be allocated to new petroleum and gas exploration and production projects.
Second, and in conjunction with the above, the aim is to create a new administrative structure for Petróleos Mexicanos and give the firm greater powers of decision, administration and hiring so that it can have access to state-of-the-art technology and increase its capacity to implement projects.
In particular, the aim is to establish a special system for hiring, acquisitions and public works that is different from the rest of the government, which would allow the firm to be much more efficient.
Third. In order not to have to import gasoline, diesel and other products from abroad, as we do now, in other words, in order to reduce our dependence on foreign countries for refined petroleum products and to reinforce our energy sovereignty, the aim is to allow PEMEX to contract firms specializing in the construction and running of new refineries for Petróleos Mexicanos.
This will permit the creation of far more jobs, trigger regional development in places where new refineries are built, produce cleaner, environmentally friendly gasoline that will protect our families' health and totally eliminate Imports, in addition to reinforcing the national petrochemical industry.
This will enable much cheaper fertilizer to be produced in the country for people in the countryside.
I should point out that during this process, PEMEX will continue to own the country's oil and all the by-products obtained from it.
Fourth. I propose to
Fourth. I propose to nothing
president barack O G.O.A.T has spoken
wow
i cant believe president fox got my speech
What a great speech. Too bad you copied and pasted
http://mexidata.info/id1787.html
*Edit* @ G.O.A.T- Lol it's not even Fox's speech, it's Calderon's.
