The black gold

National
The company of the State is a ballast to the state
The black gold
By: Carlos Damian August 1, 2012
The government's speech
Mexico. – In oil matter the current six years of Calderon was one more time of the neoliberal systems that made to a side to Mexican Petroleum (Pemex), and it was a ”lost time of six years” for the great foreign and national capital for what we can say that it didn't achieve big advances to dismantle the property of the state, for the control and usufruct of the strategic resource to pass at the hands of oil foreign and national companies. But five federal administrations already go they have made until the unthinkable thing to come undone of this strategic resource for the demand of the hunger of the oil companies and they have not been able to give the black gold at third, and the neoliberal technocracy has not passed of certain frontiers.

The hope for the transnational oil companies is Enrique Peña Nieto government, if it passes the great sale of the presidential seat, and this sixth government neoliberal has a limitless desire to sum up the action of their five bankrupt predecessors. From the general direction of Mexican Petroleum -Juan Jose Suarez Coppel - (JSC), it is affirmed that to be company propriety of the State, Pemex is a “ballast” for the country, and consequently for the public finances. Well, any company of the state is ballast, for the hunger of the initiative private to sell them to the foreigner due to its ineptitude, and little imagination to make them take place. The question is because it bothers them so much the money that comes from the black gold, let us see some aspects to strengthen our conviction, which Pemex, the sacred cow of the Mexican town is of the state. Let us see the speech of JSC, about the sustenance of public finances, and we refer to the one presented by the Studies’ Center of the Public Finances of the Chamber of Deputies (CEFPCD).



In the previous six years they base their tributary system on Pemex
He stands out in this document presented in CEFPCD that in the last three six years (Ernesto Zedillo, Vicente Fox, and Felipe Calderon) the revenues non oil tankers have been located between 12.3 and 15.2 percent of the gross internal product, while the oil revenues have fluctuated between 5.2 and 8.7 percent of the GIP, with a bigger degree of volatility that derives of the ups and downs registered in the prices of the petroleum that, in this period, it passed of their lower level (7.01 dollars for barrel, December 10th, 1998), to their historical maximum (132.71 dollars for barrel of raw petroleum, July 14th, 2008). Before these scenarios of high prices, the CEFPCD points, factors that affect the public finances arise and that they hide the reality in that it is submerged the tributary system of Mexico.

Such it is the case from the subsidy to the gasoline and the diesel that it doesn't allow to observe the faulty acting that they have had the public finances before the approved fiscal reformations and they avoid that the dependence of the oil revenues is integrated for the rights to the hydrocarbons and the derived products of the oil activity. Among those that are the special tax about production and services to gasoline and diesel and the tax to the oil yields, and certainly the revenues characteristic of Pemex. In the period understood between 1995 and 2012 (of Zedillo to Calderon), these revenues have had marked ups and downs, which have origin, priority in the price of the petroleum that is the base to calculate the taxes and rights related with this industry.

The neighbor is looking for employment in Pemex, and in Europe
In the six years’ time understood between 1995 and 2000 (Ernesto Zedillo) the revenues had a moderate growth, because they were increased to an annual average rate of 4.1 percent. These moderate growths, but mainly the marked ups and downs registered in this period, were consequence of the low prices of the petroleum, registering December 10, 1998 the smallest price in the analyzed period, with hardly 7.01 dollars for barrel. For the six years’ time understood between 2001 and 2006 (Vicente Fox), the situation in energy matter took different direction, because the increment in the prices of the petroleum generated that the oil revenues registered a average rate of annual growth of 10.3 percent, superior to the one reported in the tributary revenues (3.7 percent like annual average). “Nevertheless that the price average of the petroleum reached an average of 31.93 dollars for barrel (the price average observed in the period understood between January of 2001 and December of 2006).

This year was the first one in being applied the change in the fiscal régime of Pemex whose purpose was ”to diminish the dependence of the oil revenues". In the current federal government's first five years, in spite of having been registered the biggest number of tributary " reformations " (included those of the fiscal régime of Pemex), the oil level of revenues don’t do it increased and the dependence of the oil resources practically stayed in the levels average registered in the previous six years.

Perhaps neighbor's son is looking for employment in Pemex; we recommend him an employment paid in Eurus, with insurance of unemployment, and social benefits. With this intention you can present his employment application, in Europe, more specifically with the president of the Xunta of Galicia, Spain, Alberto Nuñez Freijo, and the General director of Pemex, Juan Jose Suarez Coppel; they signed an agreement that grants to the oil company the concession to install a plant in Punta Langosteira. There will be an important concession that will benefit to the town, affected as all Spain by the unemployment. (La Jornada, economia, p.p. 4- 28, August 7, 2012).