Most countries have systems which allow foreign oil companies to invest in their oil industry. Name three which don't? I bet you can't find any, other than Saudi Arabia, Kuwait and Iran, I can't think of any others.

I suggest you read up.

Look up Doheney the Cruel.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=379x950

You are in a sense obsolete, if you basing political and economic tendencies you have as an individual using events from nearly a century ago. I suggest you refresh your knowledge base, you really need it

Oh, and while you are at it look up the meaning of "cartel" in the English language. .

remembering the media ALWAYS stated in every article during the campaign that he was "photogenic" as if that should be considered a reason to vote for his @$$. Horrid.

He has done what the Presidents before him were good enough to avoid, as awful as some of them were.

Mexico proposes opening oil sector to foreign firms
August 14, 2013
AFP

MEXICO CITY - President Enrique Pena Nieto proposed sweeping reforms of oil sector that would allow foreign energy firms back into the industry 75 years after being thrown out. Pena Nieto proposed a constitutional reform that would allow state oil monopoly Pemex to partner with private energy companies in oil and gas exploration and production. The joint deals aim at tapping foreign oil company capital and technology to revive oil and gas production, which has sagged under Pemex in recent years.

But the giant Pemex—Petroleos Mexicanos, which has dominated the industry since the 1938 nationalization—would maintain the state’s ownership of all hydrocarbon resources.
And Pemex itself, a key source of government revenues and a crucial driver of the economy, would remain in state hands.

The reform would modify Article 27 of Mexico’s constitution to allow private companies to form joint ventures with Pemex in energy exploration and production, according to a summary of the proposal.
Article 28 would be changed to allow Pemex to join with private firms in refining, petrochemicals and storage.

Still, Pena Nieto stressed, “oil and other hydrocarbons will continue to be the exclusive assets of the nation,” and Pemex will remain “100 per cent owned by the nation.”
The reforms aim at restructuring the tax regime that has hurt Pemex’s competitiveness.
The company was established in 1938 when Mexico took over foreign oil company operations, and is responsible today for about one-third of state income.

More:
http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/14-Aug-2013/mexico-proposes-opening-oil-sector-to-foreign-firms