Se habla ‘moratorium’? Tengo ‘$1 billion’, amigo!

By: Steve Maley (Diary)  |  September 12th at 11:09 AM  | 

With the backing of the Obama Administration, the U.S. Export-Import Bank intends to guarantee $1 billion in loans to PEMEX, the Mexican government’s national monopoly oil company. The reason for the loans is to encourage PEMEX to buy supplies and services from American providers. Despite President Obama’s moratorium on U.S. deepwater drilling in the Gulf of Mexico, the U.S. Export-Import Bank intends to guarantee $1 | Read More »