April output was 2.77 million barrels a day, compared with 2.85 million barrels a day in March and 3.18 million barrels a day in April 2007, Pemex reported on its web site.
(bad cut and paste above)
From the article:
“Oil wells that previously pumped oil are now pumping natural gas because the oil layer of the reservoir has narrowed as total reserves in the field are in decline. “
McCain’s “path to citizenship” should be that each illegal sneaking in must bring one barrel of oil with them.
Maxine Waters take note: This is exactly the path to prosperity you have proposed.
80,000 barrels a day difference on a world market that eats 80,000,000 barrels a day ain’t going to make a bit of difference in the price. We can’t expect other countries to sacrifice their long term future for ours when we won’t even use our own resources.
What happened to the Mexican govt plan to allow private entities to develop their fields? Last I checked it was being shot down by the left. If Mexico doesn’t do something to revive their industry soon they’ll be bankrupt inside 10 years. If folks think we’ve got a problem on the southern border now they ain’t seen nuthin’ yet.
bookmark— Mexico Goes South
Mexico should consult Maxine Waters to find out how to run their oil business.