Americans looking south of the Rio Grande tend to forget, if they ever knew, that Mexico is, according to the U.S. Energy Information Administration, now America’s second largest source of imports. Of the United States’ total crude oil imports averaging 9,033 thousand barrels per day (tbpd), Mexico is the second largest source of imports, at 1,319 tbpd, exceeded only by Canada with 2,666 tbpd.
But now, Mexico’s future seems even brighter. According to U.S. Energy Information Administration Executive Director Maria van der Hoeven, Mexico’s significant untapped natural gas reserves, if properly developed, could eventually provide Mexico with energy independence.
On 29 November in Washington, presenting the most recent EIA report on Mexico van der Hoeven stated, “Mexico is sitting on very large natural gas fields that could allow it to end gas imports and could give it energy independence. Full article at: Mexico - Rising Natural Gas Superstate?
I suppose you don't have to worry about damaging the water supply if you are in Mexico.
of course, all mexicans eat beans...unlimited natural gas....
Holy shit that was funny!
I've been talking to a friend whose father does consulting for hydraulic fracturing near Mexico, and I'm planning on interviewing him for a paper I'm writing on that topic next semester.
You're right though, people tend to forget that Mexico has natural resources that we, as a neighbor, can exploit. And along the border, polluting the groundwater isn't much of a concern, because the US screwed Mexico pretty hard on an agreement with the All-American canal (http://en.wikipedia.org/wiki/All-American_Canal). Basically, we set up an agreement with Mexico about water allocation before the canal was cemented at the bottom... and then cemented it. This caused inhabitants to leave the areas where groundwater was fed from the canal, because the now-sealed canal caused everyone's wells to go dry.
You can look at the area on Google maps and see that there's tons of old and now-dry farmland. Kinda sad, but I bet property is cheap for operations. Next step would be to get water for use in the fracturing operations...
Darn I'm rambling again
Quo et maxime et sequi deleniti molestiae nesciunt. Et delectus expedita qui quia totam similique.
Est dolor error voluptatum. Repellendus ipsa quia rerum fugiat sit ullam quo excepturi. Quo voluptatem facilis nostrum et. Alias magnam similique qui asperiores provident.
Iusto veniam reiciendis rem porro. Reiciendis ex architecto rerum nam tenetur placeat. Nesciunt nam nobis et iure. Repudiandae cumque deserunt dicta quae. Et non necessitatibus deserunt fuga. Eos dolores voluptates quae corrupti.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...