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Thread: Severe oil shortages in Mexico?

  1. #1 Severe oil shortages in Mexico? 
    Forum Professor
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    I read that Mexico internal oil consumption is 3 millions bbl/day,while oil production fell bellow 2.7 millions bbl/day.
    http://www.eia.doe.gov/cabs/Mexico/Oil.html
    Probably this country already started experience severe oil shortages and huge economic turmoil because huge part of their revenue constituted oil sales?
    Or they still managed to survive?


    Antislavery
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  3. #2  
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    Mexico has a massive problem. Their largest oil field, Cantarell, is declining at a rapid rate. This means production is falling and so are revenues. Oil revenues comprise fully 60 percent of the federal budget for Mexico's government, so the lost revenues are creating a financial crunch that will only get worse.

    You can see an example of how this works by looking at Indonesia. It was an OPEC country until recently when its oil production dropped so far that it now must import oil.


    CurrentUSANationalDebt.com
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  4. #3  
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    Do you think Mexico will pay to import oil,or they will swith back to horses and donkeys in nearest perspective?
    Antislavery
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