In a move that sent shockwaves through the oil industry, Mexican President Plutarco Elías Calles has rejected a plea to delay the implementation of new oil regulations, set to take effect on January 1, 1927. The announcement, made in a telegram received by the Association of Producers of Petroleum in Mexico, has left oil executives reeling and scrambling for a response. The Association, which represents some of the largest Mexican oil producers, including the PanAmerican Petroleum and Transport company, has called an emergency meeting for today to discuss the situation and determine their next course of action.
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Key Facts
- State: National
- Category: Organized Crime
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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