PRAGOTI

The situation of the energy sector in Latin America is determined by both internal and external correlations of political forces, the level of class organization and power within the ruling and the working classes, the condition of the world economy and the strength and weakness of US imperialism. A presentation by James Petras at a plenary session of the international meeting of electrical workers in Mexico organized by the Sindicato Mexicano de Electricistas (SME).

The rise in overt militarism and imperialism at the outset of the twenty-first century can plausibly be attributed largely to attempts by the dominant interests of the world economy to gain control over diminishing world oil supplies.

The Iraqi federal government is set to sign oil development contracts with BP, Shell, ExxonMobil and Total – their first since their 1925 concession was cancelled in the early 1970s.

Courtesy: Outraged Comics For Image