Economics
Mariachis, Tacos, $100 Billion Oil Debt as Pemex Opens in Texas
- Pemex plans to open five gas stations in Houston this month
- Gasoline prices in Mexico 44% greater than at U.S. stations
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The opening of Petroleos Mexicanos’s first-ever gasoline station in Houston featured several cultural reminders of the company’s origins. There were mariachis dressed in traditional Charro suits, trumpet-heavy Mexican music and, of course, tacos.
Quite a show for one of the world’s most indebted oil companies.