Jose Lopez Portillo

Apuntes

**Jose Lopez Portillo** • Position in the Echeverría Administration: He was the Minister of Finance. • Division of Countries in the Oil Industry: Countries were divided into producers and consumers. • New Oil Reserves in Mexico: New reserves were found in Tabasco, Chiapas, and Veracruz. • The Pact of San José: It was the deal made between Mexico and Venezuela to sell oil at special prices to Latin American countries. • Mexico’s Importance in World Oil Production: Mexico was the 4th largest producer in the world. • Lopez Portillo’s Support for the Carter Administration: He did not support the Carter Administration by boycotting the Moscow Olympics. • Handling Excess Natural Gas: He burned the excess natural gas so as not to sell it to the US. • Pemex’s Priority: Pemex’s priority was to make money for politicians and not to help the people. • SAM and Its Goal: Sistema Alimentario Mexicano (Mexican Food System) aimed to make Mexico self-sufficient in basic grains within 5 years. • International Banks and Mexico: They took advantage of Mexico by trusting them due to the oil industry and giving loans with huge interest rates. • Peso Devaluation in 1980: ...