Sunday, March 18, 2007

The PEMEX Oil Crisis Deepens

The 'experts' are really just guessing as to how much the PEMEX oil reserves have fallen, or how little time is left before the Gulf inundates the Cantarell oil field. How odd it would be if we do get hit with a recession going into '08, but oil prices fail to come down in a meaningful way because our third largest supplier of oil finds itself suddenly tapped out. Mexico Oil Monopoly Finds Self in Crisis

No comments: