5.2: Political Responses to Global Market Forces by Mikela Lazo Labarthe https://padlet.com/lazomikela/lxdovvd0fxb3de7w Mikela Lazo Labarthe en-us 2021-03-15 17:04:40 UTC 2024-08-09 21:16:36 UTC hello@padlet.com Post 1 lazomikela https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1311828109 A positive aspect of ending Pemex’s oil monopoly is how as a consequence, private producers entered the sector. This encouraged the expansion of the oil industry's business and research.  "Reserves from the two blocks have tripled since the companies took them over from Pemex" -Juan Carlos Zepeda, head of the CNH

]]> 2021-03-15 17:07:41 UTC https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1311828109 Post 2 lazomikela https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1313957747 The Mexican oil industry is more than business, it is a national pride. Mexicans even anually celebrate the day that oil was expropriated in their land. In 1938, the government decided to privatize the oil industry, to which Mexico became almost fully reliant on the oil industry for its economy, consequently. The cartoon below shows a person dressed in traditional Mexican clothing, meaning he is a Mexican man protecting the barrel of oil from what looks like a Western businessman. The cartoon shows how the Mexican man is holding on with all its strength to the oil barrel, showcasing the importance of that industry for the country. ]]> 2021-03-16 05:15:30 UTC https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1313957747 Post 3 lazomikela https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1313978442 P R O S :
- Nigeria is now Africa’s largest oil producer a full-fledged member in the production cuts of the OPEC.
C O N S :
-pipeline sabotages by militants in the oil-rich Niger Delta area ruined production
- new problems like pipeline vandalism and oil theft arised ]]> 2021-03-16 05:24:17 UTC https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1313978442 Post 4 lazomikela https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1314041089 The foreign investment company is called China National Offshore Oil Corp (CNOOC) and it is based in China. It first established Chinese SEZs in 2007. China initially invested $16 billion in Nigeria's oil industry in 2009. ]]> 2021-03-16 05:49:05 UTC https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1314041089 Post 5 lazomikela https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1314070441 Have had Putin’s PM previously remove Sechin from Rosneft’s board, but have Putin make Sechin the CEO could look shady because it looks like Putin's PM "stole" a key player from a certain company, and took him for hemself, to benefit their own company. ]]> 2021-03-16 06:00:50 UTC https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1314070441 Post 6 lazomikela https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1314102893 Foreign companies should be wary when dealing with and investing in Russia because the mentality their leaders carry is "every man for himself"-like.
"But the battle over Bashneft is a reminder for foreign investors that winning one camp’s backing is no guarantee of protection for investment because interests and influence can shift rapidly in the Kremlin". It is an unstable environment to deal with, which increases risk for any company.
 
]]> 2021-03-16 06:13:00 UTC https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1314102893 Post 7 lazomikela https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1314143704 2021-03-16 06:27:38 UTC https://padlet.com/lazomikela/lxdovvd0fxb3de7w/wish/1314143704