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To: Nachum

Just in time too. Mexican oil production is going to enter free-fall in the next few years.


5 posted on 12/19/2011 8:52:42 AM PST by JerseyanExile
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To: JerseyanExile
Mexican oil production is going to enter free-fall in the next few years.

They could probably increase their production too, if it were opened up to the free market.

14 posted on 12/19/2011 9:20:22 AM PST by smokingfrog ( sleep with one eye open ( <o> ---)
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To: JerseyanExile

Until recently Mexico wouldn’t allow foreign partners into their government oil monopoly hence oil recovery, from a lack of technology, suffered. That is slowly changing as Mexico pumped the easy oil out of the ground but needs help getting the 80% left behind out of existing wells. That will take time to get up to speed.


21 posted on 12/19/2011 10:19:36 AM PST by Razzz42
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