The Mexican government controls the Mexican oil industry through Pemex, a state-owned enterprise, and subsidizes energy to reduce the cost to average Mexicans. But that doesn’t help International fossil fuel conglomerates like Exxon and Chevron, so the Biden administration is preparing to slap tariffs on Mexico in order for force President Andres Manuel Lopez Obrador (AMLO) to bring gas prices up and in line with what the American companies charge.
Jimmy and The Dive host Jackson Hinkle discuss public ownership of energy companies and whether this threat is the US’s response to AMLO’s snub of Biden over the recent Americas Summit.
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