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Thread: North America to Drown in Oil as Mexico Ends Monopoly

  1. #21
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    Re: North America to Drown in Oil as Mexico Ends Monopoly

    Quote Originally Posted by apdst View Post
    You're going to have a hard time proving that more jobs and economic prosperity are bad for a country.
    Quote Originally Posted by apdst View Post
    More jobs in Mexico means fewer illegal aliens coming across the border looking for a job.
    Only the oil industry in under developped countries does not create more jobs and that's been proven to be a fact. The oil workers are already there and they're getting paid less and less or in some cases not at all. So what are they prospering with? Thin air? Because they aren't getting the key factor in your argument: wages.

    You've started off with a strawman. What has been argued is that in an underdevelopped country (such as Mexico) rife with corruption, labor abuses and human rights abuses, wealth is kept at the top and the prosperity only comes to those directing the projects from an executive possition. Saudi Arabia, the largest producer of oil in the world has also some of the highest poverty rates in the world. The list goes on: Venezuela, Nigeria, Kuwait. The pattern is obvious and has been explored before. In underdevelopped countries, oil does not mean prosperity for the country. It means prosperity for a select few and poverty and oppression for the rest.

    The second part of your post is just laughable. What percentage of those who cross the border do oil workers constitute? The majority of those who cross the border are low skilled workers working in food manufaturing, cleaning services and grounds keeping. So what would opening up Mexico to oil field work do? Nothing. Especially considering oil companies are notorious for abusing the rights of workers and not paying wages.
    Last edited by Hatuey; 12-17-13 at 12:30 PM.
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  2. #22
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    Re: North America to Drown in Oil as Mexico Ends Monopoly

    Quote Originally Posted by apdst View Post
    The green energy subsidies didn't have anything to do with it?
    What?

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    Re: North America to Drown in Oil as Mexico Ends Monopoly

    Quote Originally Posted by PeteEU View Post
    Horrible news. More massive profits for fat American companies and none for the average Mexican.
    This is probably true to a large extent, not that I'm against business making money. All at a time when Mexico doesn't have their act together in its dealing with corruption and organized crime. Mexican oil workers will be paid as little as the oil companies can get away with paying them without them quitting. They will probably see a good amount American immigration to Mexico, not necessarily a bad thing. The oil futures market will buy up each drilling project prior to it being being pumped out of the ground and then scalp it at a profit to eventually be passed on to consumers. It will then be sold to the highest bidder; China, the US, Europe, Africa, whoever will willing to pay the most. This is a far cry from suggesting it will automatically go supplying the energy needs of North America. Every barrel of oil pumped out of the ground today is defunding the exponential value it would have otherwise had in the future when everybody else has used theirs up and forgoing a future where the world's wealth would be unquestionably centered in the Americas; raid the investment portfolio today and live hand to mouth tomorrow. Good news? Depends on perspective I guess.
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    Re: North America to Drown in Oil as Mexico Ends Monopoly

    Quote Originally Posted by cpwill View Post
    Well HOT Dog!



    This is all kinds of good news, for us and for Mexico.
    Did anyone besides me notice this part of the article:
    That boom would augment a supply surge from U.S. and Canadian wells that Exxon Mobil Corp. (XOM) predicts will vault North American production ahead of every OPEC member except Saudi Arabia within two years. With U.S. refineries already choking on more oil than they can process, producers from Exxon to ConocoPhillips are clamoring for repeal of the export restrictions that have outlawed most overseas sales of American crude for four decades.....
    and wonder if reducing the amt of oil available for sale in the US could actually increase the price for us?
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  5. #25
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    Re: North America to Drown in Oil as Mexico Ends Monopoly

    This is excellent news, but only if somehow the cartels are corraled, which is an age-old problem here and much of the world.

    I fear the U.S. military will be needed to occupy Mexico for this to be possible, and nobody wants that.

    If somehow Mexico became legit, it would help to curtail the mass illegal immigration to the states, but until the cartels are killed off, there's little hope this will work.

    I'm sure Russia and China are giddy. They don't give a rip about cartels and terrorists, they just want their oil.

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    Re: North America to Drown in Oil as Mexico Ends Monopoly

    Quote Originally Posted by Verax View Post
    Let us drown in oil and our children drown in its consequences!
    I agree, we should eliminate the airlines, ocean vessels, and trains.

  7. #27
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    Re: North America to Drown in Oil as Mexico Ends Monopoly

    Quote Originally Posted by Rocketman View Post
    I agree, we should eliminate the airlines, ocean vessels, and trains.
    Or we could transition to clean alternative energy sources. But you guys are against that because it cuts into the fossil fuel industry's profits so they've instructed their naive followers to obstruct any progress. You don't even get paid to do their bidding, you do it for free.

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    Re: North America to Drown in Oil as Mexico Ends Monopoly

    Quote Originally Posted by Verax View Post
    What?
    "Uh...uh...what green energy subsidies for the past 20 years?"

    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  9. #29
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    Re: North America to Drown in Oil as Mexico Ends Monopoly

    Quote Originally Posted by Verax View Post
    Or we could transition to clean alternative energy sources. But you guys are against that because it cuts into the fossil fuel industry's profits so they've instructed their naive followers to obstruct any progress. You don't even get paid to do their bidding, you do it for free.
    I'm against it because it can't survive without hundreds of billions in government subsidies.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: North America to Drown in Oil as Mexico Ends Monopoly

    Quote Originally Posted by Smeagol View Post
    This is probably true to a large extent, not that I'm against business making money.
    Neither am I, but by the track record of western multinationals in 3rd world is not exactly stellar. Privatization after privatizations have resulted in everything from civil wars, mass murder and environmental disasters. Nigeria is a prime example. Massive amounts of oil, pretty much all being drilled by multi-nationals and very little of it going back into the economy, but the environmental damage is massive, not to mention the human cost. Or Ecuador, where Cheveron (now Exxon) have been hit by the biggest fine in history and are refusing to pay.. they literally poisoned large areas of the Amazon and nearly committed genocide on the locals.

    All at a time when Mexico doesn't have their act together in its dealing with corruption and organized crime.
    Yes I agree, Mexico has to deal with this crap, but letting big multi-nationals in with a massive history of promoting corruption aint gonna solve their problems. It will only make it worse.
    PeteEU

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