Output is tanking, but there’s fierce opposition to a plan that could reward Big Oil for helping find new reserves
Reform is urgent: Oil output in Mexico, the world’s No. 6 producer of crude, is plummeting. At the Cantarell field, the country’s main source of oil, production is declining 15% annually. Pemex pumped 2.85 million barrels [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
A Slippery Moment for Mexican Oil
Posted by Matt in May 26th, 2008 | no comment
Published in Americas, Oil, Cantarell Field, Decade, Main Source, Mexico, Oil Imports, Oil Output, Oil Production, Oil World, Opposition, Pemex
The Future of Oil Prices is a Geometric Explosion: $200, $400, $800 …
Posted by Matt in May 20th, 2008 | no comment
Published in Oil, Cheap Oil, Coal Gasification, Distant Future, Explosion, Export Obligations, Exporting Oil, Geometric Progression, Goldman Sachs, John Mauldin, National Oil Company, North Sea, Oil Export, Oil Prices, Oil Producing Countries, peak oil, Pemex, Pemex Mexico, Pessimists, Rest Of The World, South Africa, South Africans
Why are we going to experience a geometric explosion (price doubling and redoubling) in oil prices?
1. Peak oil and declining production around the world. Plus you need to factor in oil producing countries’ local consumption. Rising local consumption in oil producing countries means they will stop exporting oil long before they run out.
a. You see [...]
Mexico’s urgent hour
Posted by Matt in April 9th, 2008 | no comment
Published in Americas, Congress, democracy, Drugs, Felipe Calderón, Foreboding, Grass Roots Movement, Intransigent, Mexico, Pemex, Police, Single Party, Vicente Fox
Mexico today is filled with foreboding that very bad things could happen in pursuit of something very good - progress.
Our neighbor to the south began this century casting off the manacles of single-party rule. A new plural democracy elected Vicente Fox as president and hoped he would steer the country to a more prosperous future.
It [...]
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