March 15, 200620 yr QUOTE(southsider2k5 @ Mar 15, 2006 -> 09:42 AM) http://news.yahoo.com/s/ap/20060315/ap_on_...xico_oil_find_1 ".....and the kinfolk said, "Juan, move away from there!" They said, "California is the place you ought to be...."
March 15, 200620 yr QUOTE(Wong & Owens @ Mar 15, 2006 -> 10:10 AM) ".....and the kinfolk said, "Juan, move away from there!" They said, Baja "California is the place you ought to be...."
March 15, 200620 yr Author QUOTE(Wong & Owens @ Mar 15, 2006 -> 10:10 AM) ".....and the kinfolk said, "Juan, move away from there!" They said, "California is the place you ought to be...."
March 15, 200620 yr So, there are reasons to be Far more pessimistic about this find. First and foremost...Mexico's production is in rapid decline anyway, so even this field will only slow that process. The Mexican oil company Pemex, is deeply in the red and has no experience doing deep-water drilling, which would be required to explore this field. And 10 billion barrels, while not bad, is not goign to save the world. It might be enough to counteract their current decline (some estimates say Mexico will be dry in about 10 years)
July 11, 200619 yr Wow, so this working search function? Sweetness. Anywho, update on this thread. More exploratory drilling has taken place in this field, and it seems to be Significantly Smaller than President Fox's first estimates.
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