Sunday, November 22nd, 2009

Posts Tagged ‘ The Gulf Of Mexico ’

Pemex and Mexican Peak Oil Equal Expensive Oil

Apr 11th, 2008 | By Dan Denning | Category: Oil Investment & Alternative Energy

Pemex better start exploring for more oil in the Gulf of Mexico or its going to pump out all its reserves in less than ten years. Mexican President Felipe Calderon went on national television last night in Mexico and told his countrymen (in Spanish, we presume), “We have to act now because we’re running out of time and out of oil.”