Pemex and Mexican Peak Oil Equal Expensive Oil
Apr 11th, 2008 | By Dan Denning | Category: Oil Investment & Alternative EnergyPemex 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.”