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05-08-2008, 08:27 PM #1
Mexico warns of energy crisis without overhaul
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€"Distrust and caution are the parents of security."
Benjamin Franklin
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05-08-2008, 08:44 PM #2Critics say it would violate a constitutional ban on allowing private companies to share profits in oil production
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