Saturday July 01, 2006

Fiscal crisis for Mexico as oil starts to dry up

peakoil.com :

Much of Mexico's giant oil production apparatus is in an apparently unstoppable decline. At current extraction rates, the nation has only 10 years of proven oil reserves remaining. And as Mexico prepares to vote in Sunday's presidential election, the leading candidates disagree bitterly about what, if anything, can be done to halt the impending collapse of the industry that forms the backbone of the national economy.

See also :

1. Second largest oil field dying [Cantarell, Mexico]

(2006-07-01 10:22:40 SGT) [Energy] Permalink

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