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WORLD
April 26, 2008 | Hector Tobar, Times Staff Writer
President Felipe Calderon's proposal to overhaul Mexico's oil industry has revealed a rift in the rival Democratic Revolution Party, with leaders arguing over how to respond to the initiative. On Friday, after days of talks between party moderates and self-described "radicals," the PRD ended a two-week blockade of Congress that had prevented discussion of Calderon's proposed changes.
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WORLD
December 12, 2013 | By Richard Fausset
MEXICO CITY -- The lower chamber of Mexico's Congress followed the lead of the Senate on Wednesday night by approving an energy reform bill that would open the country's nationalized oil and gas industry to foreign investment. The bill, which proponents say will help Mexico reverse its declining oil production with the help of foreign capital and expertise, passed on a 354-134 vote, clearing the two-thirds vote hurdle necessary for passage. The Senate approved the bill late Tuesday.
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BUSINESS
August 27, 1990 | From Reuters
Secretary of Commerce Robert A. Mosbacher said Sunday that interest rates should be lowered to help keep the already-fragile economy from falling into a recession. "I think we have a slow-growth period here, and we can keep it from going into recession, but easing interest rates would certainly help a lot," Mosbacher said in a taped interview broadcast Sunday.
WORLD
August 19, 2013 | By Tracy Wilkinson
MEXICO CITY -- Mexico's most prestigious leftist leader on Monday challenged President Enrique Peña Nieto's proposal to open the national oil industry to private investment, setting the stage for what is sure to be a pitched political battle. Cuauhtemoc Cardenas said the state oil monopoly, Pemex, is in dire need of repair, but that amending the Constitution, as Peña Nieto plans , is unnecessary and makes Mexico's resources dangerously vulnerable to outside exploitation.   Instead, Cardenas offered an eight-point plan that would give Pemex financial and administrative autonomy, relieving it, he said, of the onerous state bureaucracy that cripples its ability to grow and become more efficient [link in Spanish]
WORLD
August 12, 2013 | By Richard Fausset and Nancy Rivera Brooks
MEXICO CITY -- Reforms to Mexico's energy sector proposed Monday by President Enrique Peña Nieto will limit private companies to sharing profits with the state oil monopoly, an approach used only by Iran, Ecuador and Bolivia, said Energy Secretary Pedro Joaquin Coldwell.  Those are not exactly models of cutting-edge economic performance, and some analysts wondered whether the proposal would amount to a real change once it had gone through the...
WORLD
August 19, 2013 | By Tracy Wilkinson
MEXICO CITY -- Mexico's most prestigious leftist leader on Monday challenged President Enrique Peña Nieto's proposal to open the national oil industry to private investment, setting the stage for what is sure to be a pitched political battle. Cuauhtemoc Cardenas said the state oil monopoly, Pemex, is in dire need of repair, but that amending the Constitution, as Peña Nieto plans , is unnecessary and makes Mexico's resources dangerously vulnerable to outside exploitation.   Instead, Cardenas offered an eight-point plan that would give Pemex financial and administrative autonomy, relieving it, he said, of the onerous state bureaucracy that cripples its ability to grow and become more efficient [link in Spanish]
BUSINESS
November 15, 1995 | CHRIS KRAUL, TIMES STAFF WRITER
Mexico's state-owned oil monopoly Pemex on Tuesday officially commenced the public auction of a huge complex of petrochemical plants on the Gulf of Mexico, the first phase of a privatization designed to raise more than $1 billion. The announcement comes amid protests by Pemex workers fearing layoffs and complaints by environmentalists that the government has relaxed pollution safeguards to make it easier to sell the seven plants in Cosoleacaque near Veracruz.
SCIENCE
May 3, 2010 | By Thomas H. Maugh II, Los Angeles Times
The oil dispersants being used in the Gulf of Mexico spill may help destroy the oil a little faster, but their primary purpose is to alter its destination so that the oil stays in the deep ocean rather than reaching the shore. Scientists don't know much about the oil's ultimate effect in the deep water, but most agree that it will have a much larger biological effect if it reaches the coast, which is teeming with wildlife. "You're transferring the pollution, if you will, but under the right circumstances it's probably favorable," said E. Eric Adams, who specializes in environmental fluid mechanics at the Massachusetts Institute of Technology.
SCIENCE
July 16, 2013 | By Bettina Boxall
When oil sheen appeared on the sea surface last fall not far from the site of the Deepwater Horizon disaster in the Gulf of Mexico, authorities wanted to know where it was coming from. Was BP's sealed Macondo well -- the source of the biggest offshore oil spill in U.S. history -- leaking? Was oil escaping from the 80-ton, steel containment dome abandoned on the gulf floor after it was used in a failed attempt to control the blown-out well? Or was something else the source? Testing revealed that the oil slicks matched the Macondo crude.
NEWS
October 12, 1989 | From Times staff and wire reports
A Coast Guard plane found an oil slick in the area of the Gulf of Mexico where a mystery ship had reported that it was sinking, and the captain of another vessel reported seeing flares in the area, 23 miles south of Pensacola, Fla. The distress call did not identify the boat but said there were 18 people aboard but only 17 life vests. However, there have been no reports of overdue vessels. The Coast Guard said the call could be a hoax but that the search would continue.
WORLD
August 12, 2013 | By Richard Fausset and Nancy Rivera Brooks
MEXICO CITY -- Reforms to Mexico's energy sector proposed Monday by President Enrique Peña Nieto will limit private companies to sharing profits with the state oil monopoly, an approach used only by Iran, Ecuador and Bolivia, said Energy Secretary Pedro Joaquin Coldwell.  Those are not exactly models of cutting-edge economic performance, and some analysts wondered whether the proposal would amount to a real change once it had gone through the...
SCIENCE
July 16, 2013 | By Bettina Boxall
When oil sheen appeared on the sea surface last fall not far from the site of the Deepwater Horizon disaster in the Gulf of Mexico, authorities wanted to know where it was coming from. Was BP's sealed Macondo well -- the source of the biggest offshore oil spill in U.S. history -- leaking? Was oil escaping from the 80-ton, steel containment dome abandoned on the gulf floor after it was used in a failed attempt to control the blown-out well? Or was something else the source? Testing revealed that the oil slicks matched the Macondo crude.
NATIONAL
February 22, 2012 | By Richard Fausset, Los Angeles Times
Spill 4.9 million barrels of oil into the ocean, and this is what you get: the lollapalooza, labyrinthine, mega-mother of all lawsuits. It encompasses 72 million pages of documents, 20,000 exhibits and 303 depositions — the collective effort of hundreds of lawyers and legal workers. It involves the Justice Department and about 120,000 plaintiffs: angry fishermen, restaurateurs, state governments and condo owners who say their beach-side property is not worth what it once was. The trial phase, set to begin Feb. 27 in a New Orleans federal courtroom, could go on for nine months.
NATIONAL
February 17, 2012 | By Neela Banerjee, Washington Bureau
A minority investor in the failed Macondo well in the Gulf of Mexico has agreed to pay $90 million in civil penalties and other fees related to the 2010 oil spill, the first settlement before an upcoming major trial linked to the disaster. The Obama administration touted the settlement with MOEX Offshore 2007, a subsidiary of the Japanese firm Mitsui & Co., as the largest penalty ever paid for violating the Clean Water Act. "This landmark settlement is an important step - but only a first step - toward achieving accountability and protecting the future of the gulf ecosystem by funding critical habitat preservation projects," Atty.
CALIFORNIA | LOCAL
June 30, 2011 | By Tony Barboza, Los Angeles Times
The number of times the nation's beaches were closed or posted with warnings because of polluted water jumped last year to its second-highest level in 21 years, in part because of the Gulf of Mexico oil spill and heavy rains that swept pollutants into the ocean at an accelerated rate, according to a report released Wednesday. The Natural Resources Defense Council found that contamination from oil, urban runoff, and human and animal waste continued to take a toll on beaches across the country in 2010, according to the report . In California, where heavier than normal rainfall greatly increased the amount of water and pollutants being flushed into the ocean, closures and advisories nearly doubled, and the number of beach water tests that exceeded state health standards rose to 11% from 9% the year before.
WORLD
December 20, 2010 | By Ken Ellingwood, Los Angeles Times
At least 27 people were killed and thousands of residents forced to flee a central Mexican city on Sunday after a predawn pipeline explosion that may have been caused by oil thieves. At least 52 others were injured and more than 100 homes damaged in what witnesses described as a series of blasts at a pumping station in San Martin Texmelucan. The explosion flooded a stream with black crude and sparked "rivers of fire" in the streets, said Valentin Meneses, government secretary of the central state of Puebla.
BUSINESS
June 22, 1993 | JUANITA DARLING, TIMES STAFF WRITER
In a further sign of the government's growing manipulation of organized labor here, the leader of the once-mighty oil workers union is expected to resign today to assume a minor government post. Sebastian Guzman Cabrera plans to leave the union's helm for health reasons, said union spokesman Victor Gallardo.
WORLD
April 9, 2008 | Hector Tobar, Times Staff Writer
President Felipe Calderon on Tuesday called for a sweeping modernization of Mexico's state-owned oil company, outlining a series of reforms that would allow private firms to assume a greater role in the petroleum industry. "We must act now," Calderon said in a televised address timed to coincide with the formal presentation of his initiative to the Senate. "Time and our oil are running out." The reserves of Pemex, as the oil company is known, could disappear in a decade, officials say.
NATIONAL
November 17, 2010 | By Neela Banerjee, Tribune Washington Bureau
Failure to manage the risks of a complex well and to learn from an earlier narrowly missed disaster contributed significantly to the Deepwater Horizon disaster in the Gulf of Mexico, a panel investigating the BP oil spill said Wednesday. "Numerous decisions" to continue operations despite repeated warnings of problems "suggest an insufficient consideration of risk and a lack of operating discipline," according to a report issued by a committee at the National Academy of Engineering/National Research Council, which was convened at the request of Interior Secretary Ken Salazar.
NATIONAL
October 13, 2010 | By Neela Banerjee, Tribune Washington Bureau
The Obama administration on Tuesday lifted its moratorium on oil and gas drilling in the deep waters of the Gulf of Mexico, potentially blunting a serious political issue in the weeks before the midterm congressional election and signaling its confidence in newly tightened regulation. "There has been significant progress over the last few months in enhancing the safety of future drilling operations, and in addressing some of the weaknesses in spill containment and oil spill response," Michael Bromwich, director of the Bureau of Ocean Energy Management, Regulation and Enforcement, said in announcing the moratorium's end. "More needs to be done," he said, "but we believe the risks of deepwater drilling have been reduced sufficiently to allow drilling under existing and new regulations.
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