Friday, January 2, 2015

Visit THE INFLECTIONIST ~ WAR OF THE OIL WORLDS TAKE TO THE AIRWAVES

 FULL ARTICLE CLICK HERE

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By Catalina Egan & Wanda Hartzenburg:  History Editor/Columnist

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On 18 March 1938, the then Mexican President Lazaro Cardenas went against the Cabinet and the Mexican Supreme Court ruling and took to the radio waves to announce the enactment of ‘Oil Expropriation’. The foreign countries affected fought hard in the Mexican courts to secure their very profitable oil interests. The case carried from court to court until reaching Mexico’s highest court.
Petrol pump, for an article entitled, "War of the Oil Worlds takes to the Airwaves", by Catalina Egan for The Inflectionist
Invoking Article 27 of the Mexican Constitution of 1917, President Cardenas bypassed all arguments and suggestions and took an enormous risk against large foreign interests. Until then, only international companies drilled for oil in Mexico. The countries affected were primarily the United States, the United Kingdom and the Netherlands.
Mexican workers were well aware that they were being paid far less than their international counterparts and voiced their resentment by engaging in strike actions.... read more