There Are Worse Things...

Than say, Drowning in oil!

The flood of North American crude oil is set to become a deluge as Mexico dismantles a 75-year-old barrier to foreign investment in its oil fields.

Plagued by almost a decade of slumping output that has degraded Mexico’s take from a $100-a-barrel oil market, President Enrique Pena Nieto is seeking an end to the state monopoly over one of the biggest crude resources in the Western Hemisphere. The doubling in Mexican oil output that Citigroup Inc. said may result from inviting international explorers to drill would be equivalent to adding another Nigeria to world supply, or about 2.5 million barrels a day.

Thanks to American Thinker for the pick me up.

Posted by: Howie at 08:49 AM

Comments

1 More oil from Mexico, more foreign investment in Mexico, more high-paying jobs in Mexico is a win-win-win for the continent as far as I'm concerned

Posted by: KC_EDM at December 18, 2013 09:10 AM

2 Updating the Mexican oil infrastructure at some one elses expense is a very smart move.
Then it can be 'Nationalized', again.

Posted by: Kafiroon at December 18, 2013 01:04 PM

3 Forget about it. The oil CARTELS will blow each other up. The United States can profit from Mexican oil by selling the soon to be formed oil cartels modern weapons made in the good ole USA.

Posted by: Greyrooster at December 20, 2013 04:43 PM






Processing 0.01, elapsed 0.0051 seconds.
15 queries taking 0.0042 seconds, 11 records returned.
Page size 6 kb.
Powered by Minx 0.7 alpha.