This is John Batchezler, a conversation with colleague Mary Anastasio Grady of the America's

column editor at the Walter Journal editorial page about Amlow, the outgoing president of Mexico,

very popular, seeking to change the Constitution, to change

the order of battle, to change the prospects for his party, Marina, indefinitely, to control

the apparatus of Mexico and one practical consequence of that will

be to control the fate of Pemex, the national oil company that needs a lot of things like investment from outside and the way

this is going to go about rather than encourage outside investment discourages outside investment. Here Mary explains how practically

speaking changes to the Constitution will affect the bottom line in our neighbor to the south,

very vital neighbor to the south, very vital neighbor to the south, and also changed the prospects

for prosperity for the incoming new president, Clody Scheinbaum, Amlow's protégé. Here's Mary. More of this later.

Well, it's strange. I mean, what he wants is he wants Pemex, which is the big

state-owned oil company that was the center of everything in the 70s

when all prices were high. He wants that company to be the dominant energy,

sorry oil producer in the country.

And to have all the priority,

like when it comes to bring up oil out of the ground,

all the, assigned all the good blocks and so forth.

But there's a certain definite contradiction in that

because Temex is completely bankrupt.

I mean, it's really terrible fiscal situation and it doesn't

have the resources to actually explore or exploit the oil.

So there's a real contradiction there,

...