Mexico warns of energy crisis without overhaul

By Jason Lange
REUTERS

11:26 a.m. May 8, 2008

MEXICO CITY – Mexico, a key supplier of crude oil to the United States, will suffer a severe energy crisis within a decade unless its huge but troubled oil sector is overhauled, Energy Minister Georgina Kessel said Thursday.

Kessel urged lawmakers to approve a government proposal to reverse a drop in crude output by letting private companies have a bigger role in the state-run oil industry.


“If we don't do anything, Mexico will face a severe energy crisis before the next presidential administration ends (in 201,â€