what has allowed this to work and what makes it difficult for this to work in a company like pemex or saudi aramco or even exxon is that the entrepreneurial independents empower people at a significantly low level in the hierarchy, to make decisions about drilling and to experiment on drilling, and this enables the entrepreneurial companies to do things that others can't do. now, what has triggered this clearly was on the natural gas side, what's happening on natural gas is truly important, and cannot be ignored, because we look at the oil balances in north america, we have to think of where natural gas is going to by the end of this decade, almost certainly start displacing oil consumption. one of these, by the way, is in natural gas vehicles, and it's probably going to enfold pretty quickly and probably in the heavyduty truck fleet, so i want to just make a note on this and we can talk about it later. the economics of converting the heavy truck fleet from deez toll natural gas are compelling. it costs about $7,000 to do the conversion without having a new rig, without having a new e

that's the only way that opening pemex or at least allowing pemex to reinvest more of its profits in the future than it does today because it just gives all its profits to the government will take place. >> i should have pointed out that there's a quirk in the calendar in mexico which is that the new congress that was just elected will take office in early september, three months before the new president takes office, so there's sort of a three ninth period there where you have a new corning, old president, and sometimes it's viewed as an opportunity to deal with unusually difficult political issues because you have a lame duck president and a new congress so that's -- that's really what's behind some of these questions. do you want to add anything here before we wrap this up? >> about the second round. if it was difficult before the pri just won the presidency, it's basically impossible now. the pri would never allow it now. it's basically dead. i think even bedder than re-election, and consecutive re-election is think probably far more important in the long run for the health of me

one, an oil law here, a new law regul regulating the energy industry, including the pemex and also the beginnings of the new war against the drug cartels here. he wants to create sort of a national police force, a force that can investigate and replace on the streets and replace the military troops and wring in the drug cartels. they wants to bring in his general, a drug adviser and perhaps shut down that southern flow of cocaine and other drugs from -- from some countries and also grapple with the marijuana and the meth growing and making here in mexico and try to bring that overall level of violence down on the street for all mexicans. >> we'll follow it. miguel, thanks. >>> and in seer why a new international plan to end the deadly uprising of president bashar al assad already appears stalled if not dead. the deal by the transitional government was reached over the weekend in again v.a. by the u.s. and other governments as well as u.s. allies russia and china. syrian officials dismissed the deal because the possibility assad can remain in power. secretary of state hillary clinton co

pena nieto wants to modernize pemex where they can use american technology. to modernize that.hat becomes a win-win situation for american companies and mexico will be able to produce. in the look -- in the laredo area, there is the evil force. that is the biggest shelf. mexico will be able to produce more. when you look at the oil from the u.s. and mexico, natural gas also and canada, north america can be the new middle east of america if we are able to work of these three countries together. host: a democrat for the congressman, hi. caller: it is a good conversation this morning. i would like for you to discuss -- the people who have lived in the united states, and you say there are fewer mexicans coming into this country. i live in a small and poor little town and we are bombarded with mexicans everyday, every place i go into. from restaurants to the post office to the doctors' offices, everywhere i go there are mobs of mexicans lined up for services. they are here now and i have to live with them. i don't know what you can do to change that. i would love to have been sent b

. >> it certainly may privatize -- >> they may allow more private investment in pemex. >> but not privatestitution that mexicans own the oil in the ground. >> are there other things that can be privatized that are owned by the mexican government? >> you could privatize a lot of stuff in mexico. this would be the big ygest thi, 60% of the government's revenue. it takes 60% of mexico's revenue to run the government, so it's the most important thing for them to try to get -- >> steve's mouth is watering with the ideas of what we could do here if we had that system. >> which one? >> think about that. if we took 60% of exxon's -- think of the good we could do. >> all the good we could do. you know what the producer just said in my ear? >> of course, no longer -- >> he said let's move on. didn't even want me to respond. he didn't like your comments. >>> bristol mire squibb is buying amylin pharmaceuticals for $31 a share. amylin closed friday at $28.20, after trading in the $15 range in march after a report surfaced that bristol-myers was interested in a buyout. bristol-myers also getting $3.4