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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So Biden wants for Mexico to stop selling its oil to US?
NYT,OWNED BY CARLOS SLIM/MX.SOROS GLOBALIST ALLY!!EXPATISLANDER-VOTE WITH FEET TO ARC-WHILE POSSIBLE!!
Our strongest trade partners should be our closest neighbors.
Literally mentioning TRILLIONS like it's nothing special,… us-dollar hegemony is coming to an end! =Z=
The other subsidy : roads. Imagine if the government built you a TV room so you could buy and watch TV.
Scumbags. I hope Mexico gives us the double middle finger.
US subsidies don't get passed to consumers so it doesn't count.
mexicos about to send the whitehouse vials of aids, monkeypox and ebola
Mexico should really consider building that border wall to keep American fuel refugees out. Perhaps Mexico can get USA to pay that wall. Is there like some Americans moving to Mexico because apartments are also cheaper even though Mexico is considered dangerous place because violent crimes or so they claim.
Politicians are the tools of multinational hegemonic corporate foreign policy; the best interests of citizens come last.
Haven't seen your show in a while. But you are a good as ever. Thanks for bringing us the truth and a great show. Steven
It is called Kleptocracy, that is, politicians in bed with monopolistic corporations embezzling the people's resources.
The 1st thing I think of when I hear this is how I once thought that Trump was alienating America from the rest of the world. Well, Trump was a RANK AMATEUR when it comes to alienating every other country. America is gonna find itself standing all alone in about half a minute. And it will have been our own fault! 😭
BY ANA SWANSON
Tax breaks aren't subsidies. Subsidies, by definition, are payouts. A payout and a tax break aren't the same thing. Taxes imposed on corporations are paid by those who buy their product.
Well between People and US Company's…come on man …your not with it unless it's Company's …
Fun fact. It was an American economic blockade of Japan that "forced" the Pearl Harbor attack. Economic sanctions are an act of war.
Seems like Mexico needs some "Democracy"…
I wish they cared about the border 1/2 as much.
Are you not entertained?
Make Mexico Great Again! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
The US bully of the world keeps on bullying. When tariffs don't get Mexico to bow, the US will send in the military to steal their oil.
Why do progressives like Jimmy Dore ALWAYS conflate tax incentives, tax cuts, and tax breaks to SUBSIDIES??? They do it all the fuckin’ time!! Do they really, truly, wholeheartedly believe that? Or do they know they’re lying to their fans? I hate that shit so much. The Government taking tax payer money and giving it to someone else is a SUBSIDY! Allowing businesses or corporation’s to keep more of the money they’ve EARNED, by drilling,extracting, capping, shipping, refining, and selling oil is not a fucking subsidy! Progressives HAVE TO CHANGE words and definitions all the time to propagandize young people to believe socialism will ever work!!! Makes my blood boil!!! 😡
The worst thing for Mexico, is being a US neighbor, so Lopez Obrador, should start negotiations with other countries, ASAP.
Past Mexican president Calderon went to work for Iberdrola a Spanish energy company with some of the highest electricity cost in Europe which AMLO is trying to avoid in Mexico.
If we review US intervention through war and sanctions we see a pretty clear pattern of targetting nations that have or are seeking to nationalize resources to benefit its people over the interests of US vampires. How many billions have we spent/wasted for the sole benefit of big oil and other mineral extractors/hoarders.
Over the boarder oil doesn’t count as fossil fuels or carbon emissions…that’s science or as some call it – Fauci!
But Jimmy…say that the orange 🍊 man 👨 is bad!!! Say that he is worse!
Sincerely yours, TYT.
Didn't Canada return some kind of turbine they were repairing for one of Russia's pipeline because the EU is desperate for that oil ?
Wait….what….allowing unfettered reign by drug cartels while "looking out for his people!?! Get a clue Jimmie! Biden is an idiot and Mexico is as corrupt (if not more) than the current administration. Wise up.
Get Andrew Tate on your show!