{"id":412449,"date":"2010-03-10T08:41:42","date_gmt":"2010-03-10T13:41:42","guid":{"rendered":"http:\/\/www.earthportal.org\/news\/?p=3189"},"modified":"2010-03-10T08:41:42","modified_gmt":"2010-03-10T13:41:42","slug":"mexico-faces-future-of-imports-as-production-dries-up","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/412449","title":{"rendered":"Mexico faces future of imports as production dries up"},"content":{"rendered":"

<\/a>Greenwire<\/a>: Mexico’s<\/a> long-celebrated national oil company — Petr\u00f3leos Mexicanos, or Pemex — could end up burdening the country as domestic oil production slips.<\/p>\n

After being one of the world’s top oil exporters, Mexico may need to begin importing oil before the end of the decade. The loss of Mexico could spell trouble for the United States, since Mexico provides about 12 percent of crude oil imports.<\/p>\n

“As you lose Mexican oil, you lose a critical supply,” said Jeremy Martin, who directs the energy program at the Institute of the Americas at the University of California, San Diego. “It’s not just about energy security but national security, because our neighbor’s economic and political well being is largely linked to its capacity to produce and export oil.”<\/p>\n

The reason for the decline: Mexico’s once-rich fields are drying up. The large Cantarell field has seen its output drop by 50 percent in recent years. Meanwhile, Pemex is having difficulty devising a way to get to the oil-rich pockets under the Gulf of Mexico<\/a>, potentially the largest untapped underwater source on the planet. The government has been reluctant to bring in a foreign company to help with the drilling, though Pemex was given more leeway to negotiate with foreign companies two years ago. President Felipe Calder\u00f3n has been more focused on passing as many oil reforms as possible, even as they are challenged in court.<\/p>\n

Pemex employs about 140,000 people and is seen as the country’s most important company. Oil money funds most projects, including school construction and the war on drugs. However, the national pride that comes with owning an independent oil company may have to be set aside for a partnership with a foreign firm to get the expensive equipment needed to drill into the gulf. Even that will require a rewriting and reinterpretation of constitutional language barring foreign firms from booking Mexican oil fields (Krauss\/Malkin, New York Times<\/em><\/a>, March 8). – JP<\/strong><\/p>\n

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Greenwire: Mexico’s long-celebrated national oil company — Petr\u00f3leos Mexicanos, or Pemex — could end up burdening the country as domestic oil production slips. After being one of the world’s top oil exporters, Mexico may need to begin importing oil before the end of the decade. The loss of Mexico could spell trouble for the United […]<\/p>\n","protected":false},"author":4055,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,7],"tags":[],"class_list":["post-412449","post","type-post","status-publish","format-standard","hentry","category-energy","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/412449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4055"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=412449"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/412449\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=412449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=412449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=412449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}