In 1938 this country nationalized its oil industry as PEMEX; in 2008 there was talk of privatization
There are fears that the privatization of PEMEX will only lead to more social 
unrest and... [DOC] [TLE] the administration of decline: mexico's looming oil crisis [PAR] IN November 2008 Mexico's national Congress passed reform legisla- ... forward 
in the modernization of the Mexican energy sector.