Mexico discovers 'huge' oil field - Democratic Underground

dogday

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Wed Mar-15-06 12:49 PM
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Mexico discovers 'huge' oil field

Mexican President Vicente Fox has announced the discovery of a new deep-water oil field, which is believed to contain 10bn barrels of crude.

The field is in the Gulf of Mexico, and Mexico says it could be bigger than its largest oil field, Cantarell.

Production there is said to have declined sharply in recent years.

Mr Fox made the announcement as figures showed the country's total oil reserves had fallen 2% between 2003 and 2005.

Anyone want to bet we will be finding terrorist in Mexico soon?

http://news.bbc.co.uk/2/hi/americas/4808466.stm

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quiet.american

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Wed Mar-15-06 12:51 PM
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1. Hello! n/t

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bluerum

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Wed Mar-15-06 12:52 PM
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2. Wait - thats our oil! Part of that field extends under US territory!

Time to invade Mexico.

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The Backlash Cometh

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Wed Mar-15-06 12:52 PM
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3. Anyone want to be that all that loose illegal immigration from Mexico

while Bush was president will be richly rewarded after he leaves office?

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harpo

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Wed Mar-15-06 12:54 PM
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4. as long as its translated into US dollars and not euros, there no issue

the US only worries when that amount of capital is converted to something other than the almighty dollar.

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Jara sang

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Wed Mar-15-06 12:58 PM
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5. Is Mexico a democracy? I think it needs to be.

I'll formulate the invasion plans.

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BrotherBuzz

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Wed Mar-15-06 01:31 PM
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7. Depends on what 'brand' of democracy you're talking about

Plans for invasion could hinge on the outcome of the Mexican election. Bushco seems happy with Fox's party brand, but things could change when Mexico elects a leftist president, Andres Manuel Lopez Obrador. After all, Obrador is a friend of Hugo Chavez, and Bush*s foreign policy of "The friend of my enemy is my enemy" will set things in motion.

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tridim

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Wed Mar-15-06 01:01 PM
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6. A perfect excuse for the American oil companies to raise prices again

Supply doesn't matter, only demand. Dammit, we want that oil!

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radwriter0555

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Wed Mar-15-06 02:10 PM
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8. *runs in circles shrieking* "PEAK OIL! PEAK OIL! WHAT ABOUT PEAK OIL!"

Golly Wally!

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