29 Apr '11, 2pm

Green: Mexico Oil Exports Could End Within Decade, Report Warns

Bloomberg News A drilling platform in the Ku-Maloob-Zaap field in the gulf, Mexico’s biggest oil project. Mexico, the third-largest supplier of foreign oil to the United States, could lose the capacity to export crude altogether within a decade without major new investments in exploration and production, warns a research group report released on Friday. The country’s shift from exporter to importer would deal a severe blow to Mexico’s federal government, which depends on oil sales for roughly a third of its budget, said the report, a two-year investigation by researchers with the James A. Baker III Institute for Public Policy at Rice University in Houston. “A shift toward oil importer status would be a severe burden on the Mexican government and curb its ability to provide important services, both related to social programs and internal peace and security,” it states. Prod...

Full article: http://green.blogs.nytimes.com/2011/04/29/mexico-oil-expo...

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Mexico Oil Exports Could End Within Decade, Rep...

green.blogs.nytimes.com 29 Apr '11, 2pm

Bloomberg News A drilling platform in the Ku-Maloob-Zaap field in the gulf, Mexico’s biggest oil project. Mexico, the thir...

Mexico Oil Exports Could End Within Decade, Rep...

green.blogs.nytimes.com 29 Apr '11, 2pm

Bloomberg News A drilling platform in the Ku-Maloob-Zaap field in the gulf, Mexico’s biggest oil project. Mexico, the thir...

#Mexico #Oil Exports Could End Within Decade, R...

green.blogs.nytimes.com 29 Apr '11, 2pm

Bloomberg News A drilling platform in the Ku-Maloob-Zaap field in the gulf, Mexico’s biggest oil project. Mexico, the thir...

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