"Modernization" of PEMEX

One hot-button issue in Mexico right now is the proposed restructuring of PEMEX, Mexico's state-owned oil company. As I understand it, the restructuring would pave the way for increased privatization and foreign investment in PEMEX. The stated benefit is that increased investment will allow PEMEX to grow, modernize, and be more financially viable. However, many opponents see this change as just one more step forward in "selling out" Mexico's natural resources to foreign interests and assert that the changes will ultimate drive more Mexican families deeper into poverty. Indeed, historically increased control of Mexican assets by foreign companies has led to concentration of wealth in the hands of the few, expropiation of resources, and decreased reliance on local economies (and therefore increased poverty among the lower classes in Mexico, including many of the people of Chiapas). The following is a newsy piece on the restructuring: http://www.as-coa.org/article.php?id=989. And here is a more in-depth analysis: http://www.coha.org/2008/06/demerits-of-pemex-privatization/.