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Speaking of oil, is Mexico lowering its prices or isn't it? Turns out, it isn't. Earlier this month, the Mexicans announced a drop in prices.

Now, despite slackening demand for oil, Mexico had done an about-face and announced price increases effective July 1. It also warns that buyers resisting the higher rates could forfeit future purchases.

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Why? It seems the original announcement, by state oil company head Jorge Diaz Serrano, angered other high Mexican officials. There was a nasty domestic squabble, and Diaz Serrano resigned.

Whether Mexico, the world's fourth-largest oil pro ducer, can make the price boosts stick remains to be seen.m

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