Posted on 12/11/2008 12:22:49 AM PST by Vince Ferrer
MEXICO CITY (AP) -- Mexico said Wednesday that rising domestic consumption will cut the country's oil exports almost 40 percent by 2017, although the country hopes to increase crude production to just over 3 million barrels per day by that time.
(Excerpt) Read more at biz.yahoo.com ...
Where did you get that ten year number?
The Democrats in Congress used the number when people were advocating to drill here back when oil was at $147 a barrel. They complained that we couldn’t solve current problems with more drilling because it would take ten years to get oil out of a new well. Well, now here is a problem that is nine years out.
Well now, with oil at $40.00 the will not be a greatly expanded effort to drill into new areas in the U.S. Instead we will continue to drill in Texas and Louisiana where it is cheap and continue to buy more oil from other countries.
The ten year line by the Dems was B.S. and could only include exotic offshore platforms in areas that there has not been drilling. And that in itself would only be a small portion of domestic E&P.
I was wondering the same thing. Where did they get that number?
Mexico needs to quit conning and start using their own resources for their own people.
It is a wonder PEMEX gets a drop of oil out of the ground.
And if it were not for the U.S. oil field services companies that would not get a drop of oil out of the ground.
Back in the days before PEMEX permitted foreign companies and workers into their E&P the place was a disaster. Production was decreasing and the E&P they did have was being done with 40 or 50 year old tools.
Even today when working with PEMEX it takes a month to get done something that would take a half a day in Houston.
I know, but it makes a great political response.
So then by 2017 the only thing Mexico will have to offer the world is unwashed and uneducated and untrained lawn mower operators.
He got the 10 year number the same place Mexico got the 2017 totals - out of thin air.
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