Mexican Oil Production
MEX200701_Fig3.png (PNG Image, 1258x963 pixels) - Scaled (81%)
Cantrall, one of the 8 largest oil fields in the world is experiencing real rapid decline in production. At the current depletion rate by the end of 2008 and certainly by 2010, Mexico will be unable to export oil at their current consumption and that assumes that Mexico doesn't increase it's own consumption. When you consider that 35% of the income of the mexican govt comes from OIL exports that is a huge economic problem. Immigration to the US is not a problem that is going to go away any time soon. In fact it is only going to increase.
Also consider that because we are pushing ethanol production and that is pushing the price of corn sky high which is resulting in Mexico exporting corn and pushing the price of corn which is widely eaten way up.
Mexico is in for very hard times in the future.
Cantrall, one of the 8 largest oil fields in the world is experiencing real rapid decline in production. At the current depletion rate by the end of 2008 and certainly by 2010, Mexico will be unable to export oil at their current consumption and that assumes that Mexico doesn't increase it's own consumption. When you consider that 35% of the income of the mexican govt comes from OIL exports that is a huge economic problem. Immigration to the US is not a problem that is going to go away any time soon. In fact it is only going to increase.
Also consider that because we are pushing ethanol production and that is pushing the price of corn sky high which is resulting in Mexico exporting corn and pushing the price of corn which is widely eaten way up.
Mexico is in for very hard times in the future.
posted by Joel Duff at
2:02 PM
1 Comments:
Tortilla prices! The people are going to revolt. Just what we need: poverty and revolution south of the border. Hillary's going to welcome all of the refugees with open arms (and wallets -- ours, not hers).
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