Pemex to form company to explore for

Pemex to form company to explore for oil in US
Associated Press

People walk past a banner that shows an image of the late Mexican President Lazaro Cardenas with a message that reads in Spanish; "No to oil privatization," during a rally hosted by the Party of the Democratic Revolution, PRD, proposing their energy reform plan, at the Monument of the Revolution in Mexico City, Monday, Aug. 19, 2013. The PRD opposes the plan proposed last week by President Enrique Pena Nieto, who wants to change the constitution to allow profit-sharing contracts with private firms. Cardenas, one of Mexico's most beloved presidents, nationalized the oil industry in 1938. (AP Photo/Eduardo Verdugo)

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