The Prize
Describe the beginning of the oil industry in Mexico. Why did Mexico cease to be a large oil producer?
help

Asked by
Cat
Last updated by
Cat
help
Doheny's Pan American Petroleum and Sir Weetman Pearson's Mexican Eagle dominated the Mexican oil exploration. Oil was found in 1909 in "Golden Lane" near Tampico. Mexico became a major oil power, however the Mexican Constitution was changed in 1917 to say that all subsurface resources belonged to Mexico. This reversed Mexico's power in the oil industry.