Quote:
Originally Posted by mjshira
drilling for and looking for more oil...our friends in Mexico...
|
...no longer. Evidentially Pemex will go belly up in about ten years. Why? Mexican taxes is killing the company, making it so that they can't repair existing refineries and/or build new refineries. The socialist-democrat party in Mexico, plus the government, will not allow foreign countries, particularly the United States, to help Pemex restructure its oil/fuel production.
What sucks about this is Pemex is the 10th largest oil producer in the world, and third largest supplier to the United States.
As far as drilling in Alaska or offshore in U.S. waters. Even if discovery of oil occurred in these places, I think the time to extraction after discovery is something like 35 years.
So we'll have to wait 'til about 2043, before we pull oil up from in front of Brad and Angela's in Malibu.