Socialism in Action

Logo of the Mexican state oil company Petroleos Mexicanos (Pemex) at a gas station in Ciudad Juarez, Mexico, in 2020. (Jose Luis Gonzalez/Reuters)
The more an oil company is controlled by the state, the less responsibly it behaves — from the treatment of workers to corruption to environmental impact.

NRPLUS MEMBER ARTICLE I f you happened to be sailing on the Gulf of Mexico earlier this week, you could have witnessed a dramatic example of genuine socialism in action — and it looked a bit like Sauron.

The “eye of fire” — a conflagration on the surface of the water of the Gulf of Mexico — was the work of Pemex, the state-owned oil company operated by the Mexican government. It was caused by a massive gas leak that apparently was set afire by lightning.

The Gulf of Mexico hasn’t seen that much socialism in action since the Mariel boatlift.

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