{"id":72903,"date":"2009-12-09T11:34:00","date_gmt":"2009-12-09T16:34:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/mexico-stops-the-bleeding-by-spending-more-than-a-billion-on-oil-2009-12"},"modified":"2009-12-09T11:34:00","modified_gmt":"2009-12-09T16:34:00","slug":"mexico-spends-over-1-billion-to-hedge-against-looming-oil-collapse","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/72903","title":{"rendered":"Mexico Spends Over $1 Billion To Hedge Against Looming Oil Collapse"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b019a7500000000001f786b&amp;maxX=328&amp;maxY=246\" border=\"0\" alt=\"gulf mexico\" width=\"328\" height=\"246\" \/><\/p>\n<p>Mexico has spent $1.172 billion to buy oil hedges for 2010, protecting itself in case prices collapse.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601086&amp;sid=a7oJHlhlUxXg\">Bloomberg:<\/a> Mexico purchased put options that give it the option, not the obligation, to sell its oil for $57 a barrel next year, the Finance Ministry said in an e-mail statement today.<\/p>\n<p style=\"padding-left: 30px;\">&#8230;<\/p>\n<p style=\"padding-left: 30px;\">Mexico lost out on 300 billion pesos ($23.3 billion) of oil revenue this year as production at state-owned Petroleos Mexicanos fell at the fastest rate since 1942 and crude prices fell about half since a record $147.27 a barrel in July 2008.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601086&amp;sid=a7oJHlhlUxXg\">Continue reading here.<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/mexico-stops-the-bleeding-by-spending-more-than-a-billion-on-oil-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/3-reasons-mexico-should-stop-exporting-its-oil-2009-6\">3 Reasons Mexico Should Stop Exporting Its Oil<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/if-we-cant-get-oil-from-mexico-2009-9\">If We Can&#8217;t Get Oil from Mexico&#8230;<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/uSoR-jD1cCs\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mexico has spent $1.172 billion to buy oil hedges for 2010, protecting itself in case prices collapse. Bloomberg: Mexico purchased put options that give it the option, not the obligation, to sell its oil for $57 a barrel next year, the Finance Ministry said in an e-mail statement today. &#8230; Mexico lost out on 300 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-72903","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/72903","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=72903"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/72903\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=72903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=72903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=72903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}