Dating illegal mexican
In July, as instructed by the arbitration board, a commission of financial experts was formed that investigated the petroleum companies' finances, concluding that their profits easily permitted them to cover the demands of the workers.
The report stated that just one company (El Aguila) had received annual profits of over 55 million pesos.
Cárdenas convinced the union to end the strike until a decision by the companies could be made.
However, the companies declared themselves unable to meet the demands because of financial problems. After the publication of the findings, the oil companies threatened to leave Mexico and take all of their capital with them.
The arbitration board concluded that the oil companies should pay 26 million pesos for wages and benefits to the workers.
The companies, however, insisted the demands would cripple production and bankrupt them, and refused to pay.
This way profits would be hidden to the Mexican treasury, and taxes were saved.
The entire country was paralyzed for 12 days, with consumers unable to buy gasoline.
On December 27, 1935, the Sindicato Único de Trabajadores Petroleros was created, despite the legal opposition in the states of Tamaulipas and Veracruz.
On January 29, 1936, this union joined the Comité de Defensa Proletaria ("Committee of Proletarian Defense") which would become in February the Confederation of Mexican Workers (CTM).
In response, Jesus Silva Herzog (present in the meeting) responded with a financial newspaper from London that cited a report from the Royal Dutch Shell of 1928: "Our Mexican subsidiary, Oil Company El Aguila, has obtained good returns during the last fiscal cycle." It was also explained that El Aguila de Mexico would set the price of an oil barrel at 1.96 when sold to The Eagle Shipping company.
This price was below the market value of 3.19 USD per barrel.