Word: pez
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...White and reported by Diederich, assesses the social, political and historical landscape of a country described by Diederich as "big, beautiful and as complicated as any on earth." The story also examines the issues raised by last week's visit of Mexican President José López Portillo to Washington. Says White: "We can no longer afford to patronize, misunderstand and ignore a country that contributes the fastest-growing minority segment to our population, and one that could have the resources to bring us comfortably through the energy crisis...
...uncommonly revealing photographic session. Posing in the Rose Garden outside the Oval Office of the White House last week, President Carter and his guest, Mexican President José López Portillo, 59, flashed toothy smiles and made an awkward attempt to stand together arm in arm. But the transparent effort to present a buddy-buddy image tailed to camouflage the uneasy relations between the circumspect Carter and the blunt, ebullient Mexican. Their lack of rapport mirrors the testy state of affairs between the U.S. and its angry, increasingly influential neighbor to the south...
...reason is oil. Since 1972, when geologists drilling into the cactus-studded wasteland of Tabasco state tapped into the gigantic Reforma oil and gas field, Mexico has turned up one immense deposit of petroleum after another. In his state of the union address in early September, López Portillo boasted that Mexico now had proven combined reserves of 45 billion bbl. of oil and gas. Officials of Pemex, the national oil com pany, predict that as many as 200 billion bbl. of crude may eventually be uncovered...
...cost of home heating oil, then Energy Secretary James Schlesinger entered the deliberations and led them to a breakdown; the Mexicans said he used "colossus of the north" bargaining tactics. While in Mexico last February, Jimmy Carter tried to revive the talks, but Mexican President José López Portillo sniffed: "Presidents are statesmen, not merchants...
...talks started anew in June but went nowhere until a month ago, when the U.S. signaled that unless the Mexicans bargained seriously, López Portillo could skip his White House visit this week...