Economy 52,844 Posted January 5, 2016 Share Posted January 5, 2016 http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com//news/energy/mexico-opens-up-huge-oil-reserves-to-foreign-production-offering-massive-potential-and-big-risk For the first time in 77 years Mexico has opened its doors to private company oil exploration as it hopes efficiency brough on by private sector may end years of production declines as a result of oil field exhaustion. Mexico has about 9.8 Billion Barrels of recorverable reserves left. While small in comparison to United States (40 Billion Barrels), Canada (175 Billion Barrels) or Saudi Arabia (260 Billion Barrels)... The reserves are still large enough that increase effiency may halt Mexicos current production decline for at least a few years Link to post Share on other sites More sharing options...
Kabexuela 1,184 Posted January 5, 2016 Share Posted January 5, 2016 My ancestors, keep it together, keep it together forever and ever Link to post Share on other sites More sharing options...
Bad Bromance 5,809 Posted January 5, 2016 Share Posted January 5, 2016 6 minutes ago, Kabexuela said: My ancestors, keep it together, keep it together forever and ever I see what you did there. On Topic: I always thought Mexico had much larger reserves than the U.S. I don't care what you think about unless it is about me. Link to post Share on other sites More sharing options...
Ray of Light 8,134 Posted January 5, 2016 Share Posted January 5, 2016 Thank you @Economy for reminding us how terrible our global economy is & how all of us lessors will be cotton-picking slaves to the white, Canadian men in about 30 years. Link to post Share on other sites More sharing options...
Kabexuela 1,184 Posted January 5, 2016 Share Posted January 5, 2016 35 minutes ago, Bad Bromance said: I see what you did there. On Topic: I always thought Mexico had much larger reserves than the U.S. I love you Kurt #bringcourtneytojustice Link to post Share on other sites More sharing options...
Bad Bromance 5,809 Posted January 5, 2016 Share Posted January 5, 2016 2 minutes ago, Kabexuela said: I love you Kurt #bringcourtneytojustice OMG, are you of the belief that she had him killed? I did for a while. Now, I am not so sure anymore. I don't care what you think about unless it is about me. Link to post Share on other sites More sharing options...
Kabexuela 1,184 Posted January 5, 2016 Share Posted January 5, 2016 1 minute ago, Bad Bromance said: OMG, are you of the belief that she had him killed? I did for a while. Now, I am not so sure anymore. I do in a way. Have you watched Soaked in Bleach. I used to not think she ever had anything to do with it. Movie may be bs, but it got my wheels turning. Link to post Share on other sites More sharing options...
Bad Bromance 5,809 Posted January 5, 2016 Share Posted January 5, 2016 5 minutes ago, Kabexuela said: I do in a way. Have you watched Soaked in Bleach. I used to not think she ever had anything to do with it. Movie may be bs, but it got my wheels turning. Yep, I've seen it. I kind of don't know what to believe anymore but I've always wondered about her, tbh. I don't care what you think about unless it is about me. Link to post Share on other sites More sharing options...
Kabexuela 1,184 Posted January 5, 2016 Share Posted January 5, 2016 Just now, Bad Bromance said: Yep, I've seen it. I kind of don't know what to believe anymore but I've always wondered about her, tbh. I feel the same. I still love her music though.. Link to post Share on other sites More sharing options...
Bad Bromance 5,809 Posted January 5, 2016 Share Posted January 5, 2016 2 minutes ago, Kabexuela said: I feel the same. I still love her music though.. I do, too! I have all of her albums. I don't care what you think about unless it is about me. Link to post Share on other sites More sharing options...
Kabexuela 1,184 Posted January 5, 2016 Share Posted January 5, 2016 4 minutes ago, Bad Bromance said: I do, too! I have all of her albums. Haha. Saw her last year in Dallas and few years ago in Austin. Link to post Share on other sites More sharing options...
ShinyOne 64 Posted January 5, 2016 Share Posted January 5, 2016 I'm sensing conspiracy theory . . . But beside the above, Mexico has a hella lot of oil! Priceless, if they use it in the right ways! Link to post Share on other sites More sharing options...
Economy 52,844 Posted January 5, 2016 Author Share Posted January 5, 2016 6 hours ago, Ray of Light said: Thank you @Economy for reminding us how terrible our global economy is & how all of us lessors will be cotton-picking slaves to the white, Canadian men in about 30 years. 30 years? Nah the worlds oil reserves would sustain us longer than that even if we dont shift away Link to post Share on other sites More sharing options...
Economy 52,844 Posted January 5, 2016 Author Share Posted January 5, 2016 5 hours ago, ShinyOne said: I'm sensing conspiracy theory . . . But beside the above, Mexico has a hella lot of oil! Priceless, if they use it in the right ways! 9.8 Billion is a lot. They in the top 10 for production and top 20 for reserves its only small compared to the oil giants Link to post Share on other sites More sharing options...
Economy 52,844 Posted January 5, 2016 Author Share Posted January 5, 2016 11 hours ago, Bad Bromance said: I see what you did there. On Topic: I always thought Mexico had much larger reserves than the U.S. US reserves went up a lot a few years ago once shale became extractible the US is now actually in the top 10 in the world for reserves Link to post Share on other sites More sharing options...
.thumb.jpg.99c40bc2a10ded8236a48b4fe15c6be8.jpg)
Featured Posts
Archived
This topic is now archived and is closed to further replies.