Results 1 to 2 of 2

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Senior Member MyAmerica's Avatar
    Join Date
    Oct 2007

    Mexico warns of energy crisis without overhaul

    Mexico warns of energy crisis without overhaul

    By Jason Lange

    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€
    "Distrust and caution are the parents of security."
    Benjamin Franklin

    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  2. #2
    Senior Member gofer's Avatar
    Join Date
    Jan 2006
    Critics say it would violate a constitutional ban on allowing private companies to share profits in oil production
    The ignorant can't see that they could increase their revenues even if they had to share some, because of the increase in production and discovery. This is what Socialism creates, a giant mess.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts