Mexico Oil Exports Down 18%

May 23, 2009 18:10

Crude export volumes tumbled to 1.177 million barrels per day as yields at Mexico's aging Cantarell field continued to plummet, state oil monopoly Pemex said today.

Article: http://www.upstreamonline.com/live/article179174.ece

peak oil

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Comments 52

ytterbius May 24 2009, 03:09:15 UTC
Nice!

Ehem...

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theheretic May 24 2009, 03:21:40 UTC
We really should run a betting pool on what month YoMama pulls the troops out of The Sandbox and puts them into Mexico to build sewer systems, staff hospitals, and quell uprisings with smiles and civil engineering. Really, that's what the poor Mexicans want. Imagine: paved roads, health care, clean water, child vaccinations! All basic stuff, not especially expensive compared to the wars in the Middle East and its easier to justify: they live next door and better conditions there mean goodwill and no flood of refugees. This is what must be done to prevent Mexico turning into Somalia Mk.II.

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ytterbius May 24 2009, 03:30:18 UTC
He's doing exactly what he needs to do.

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theheretic May 24 2009, 03:55:56 UTC
Destroying our economy is what "he needs to do"? I have trouble wrapping my head around that. Carter wasn't well liked but nobody accused him of deliberate evil, just helpless incompetence. Is YoMama of the Deliberate Evil persuasion?

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20thlvl_rogue May 24 2009, 04:41:43 UTC
What about Brazil? I'm curious to know how they're doing on the oil front, perhaps you can inform us of that in your next post.

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theheretic May 24 2009, 04:55:09 UTC
What about Brazil? They proved themselves braggarts and liars back in 2007-2008, remember? They drilled ONE WELL and then claimed a huge field. A scientific test requires multiple wells to verify the find, particularly since you CAN'T SEE below salt domes, where this oil is alleged to come from. So it was a lie, and the fact that there's not lots of good news about the other wells hitting oil and it gushing out and sinking platforms and spreading into the sea like you'd find with a true supergiant field, well, that's rather unfortunate factual evidence isn't it? Could they have a supergiant field after all, and just be hiding that better despite making a killing on their stock when they bragged about this supergiant field, then collapsed when they admitted they DIDN'T have enough wells to verify? Well, sorry. Its a credibility problem, at this point. They're not as bad as the Saudis, who lie when they say so much as "Hello", but their interests are in manipulating their stock value, not releasing truth to the public or investors. ( ... )

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20thlvl_rogue May 24 2009, 06:03:48 UTC
Leave speculation about oil deposits they may have aside.

Instead focus on the oil export and import percentages, these are readily apparent to all and shouldn't be too hard to find.

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theheretic May 24 2009, 06:09:40 UTC
Sure, but its another 3-4 years before that field, if it exists as claimed, will produce a drop of oil to the marketplace. It takes 5 years, remember.

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