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

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    North America to Drown in Oil as Mexico Ends Monopoly

    Well HOT Dog!

    The flood of North American crude oil[COLOR=#2D2B2C][FONT=akzidenz-grotesk-std-bloom] is set to become a deluge as Mexico dismantles a 75-year-old barrier to foreign investment in its oil fields

    Plagued by almost a decade of slumping output that has degraded Mexico’s take from a $100-a-barrel oil market, President Enrique Pena Nieto is seeking an end to the state monopoly over one of the biggest crude resources in the Western Hemisphere. The doubling in Mexican oil output that Citigroup Inc. said may result from inviting international explorers to drill would be equivalent to adding another Nigeria to world supply, or about 2.5 million barrels a day.

    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.....

    An influx of Mexican oil would contribute to a glut that is expected to lower the price of Brent crude, the benchmark for more than half the world’s crude that has averaged $108.62 a barrel this year, to as low as $88 a barrel in 2017, based on estimates from analysts in a Bloomberg survey. Five of the seven analysts who provided 2017 forecasts said prices would be lower than this year.

    The revolution in shale drilling that boosted U.S. oil output to a 25-year high this month will allowNorth America to join the ranks of the world’s crude-exporting continents by 2040, Exxon said in its annual global energy forecast on Dec. 12. Europe and the Asia-Pacific region will be the sole crude import markets by that date, the Irving, Texas-based energy producer said....
    This is all kinds of good news, for us and for Mexico.

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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.
    As far as people go: I'm currently in Mexico and no one here is happy with this. As it is, companies already get away with some of the biggest labor abuses here. With the new investors that will come, the prediction by locals is that the government will be used as a punishing force to anyone who dares oppose oil companies. The comparisons to Nigeria aren't exactly helping. Nigeria is rife with human rights abuses, destruction of habitat and labor abuses. Most Mexicans are already predicting it will also happen here. The next elections will be very interesting to watch. It's already a given that the PRI will lose power federally. The oil producing states of Chiapas, Veracruz and Tabasco are already looking at serious demonstrations. People are well aware of the way in which the government has abused its power to enforce the wishes of corporations.

    The violence: The Gulf of Mexico is a place of interest for most as it is currently controlled by the Gulf Cartel and Zetas. When/if Mexico succeeds in luring interests, most Atlantic Ocean states will likely see an increase in violence and even the possibility of an upsurge in kidnappings. It's already happening with the mining industry. Cartels have taken over some mines as well as kidnapped important mining figures in the states of Guanajuato, Zacatecas & San Luis Potosi.

    The economy: It is a given that in Mexico, wealth does not trickle down. Governors in the state that I'm in have a history of 1) Using violence/kidnappings to establish their position 2) Steal outrageous sums of money/benefits/licenses from coffers and 3) leave the state. So people are more than convinced that once oil companies are allowed to invest in Mexican oil fields, governors will charge a "fee" for them to operate, siphon the money from whatever levy/taxes are paid by oil companies and then leave. Essentially, for most this means that corruption in the state will actually grow.

    My opinion: The only people who seem to be celebrating are those who are those outside of Mexico. Few are actually aware the level of corruption that exists within the country and future investors should be ready to pay out a lot of cash to 1) local governors, 2) cartels and 3) federal employees before they even think about investing here. They will also have to think twice about the violence that will follow their investment. Mexico is not ready for companies to invest in it - not by a long shot.
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

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

    Quote Originally Posted by Hatuey View Post
    As far as people go: I'm currently in Mexico and no one here is happy with this. As it is, companies already get away with some of the biggest labor abuses here. With the new investors that will come, the prediction by locals is that the government will be used as a punishing force to anyone who dares oppose oil companies. The comparisons to Nigeria aren't exactly helping. Nigeria is rife with human rights abuses, destruction of habitat and labor abuses. Most Mexicans are already predicting it will also happen here. The next elections will be very interesting to watch. It's already a given that the PRI will lose power federally. The oil producing states of Chiapas, Veracruz and Tabasco are already looking at serious demonstrations. People are well aware of the way in which the government has abused its power to enforce the wishes of corporations.

    The violence: The Gulf of Mexico is a place of interest for most as it is currently controlled by the Gulf Cartel and Zetas. When/if Mexico succeeds in luring interests, most Atlantic Ocean states will likely see an increase in violence and even the possibility of an upsurge in kidnappings. It's already happening with the mining industry. Cartels have taken over some mines as well as kidnapped important mining figures in the states of Guanajuato, Zacatecas & San Luis Potosi.

    The economy: It is a given that in Mexico, wealth does not trickle down. Governors in the state that I'm in have a history of 1) Using violence/kidnappings to establish their position 2) Steal outrageous sums of money/benefits/licenses from coffers and 3) leave the state. So people are more than convinced that once oil companies are allowed to invest in Mexican oil fields, governors will charge a "fee" for them to operate, siphon the money from whatever levy/taxes are paid by oil companies and then leave. Essentially, for most this means that corruption in the state will actually grow.

    My opinion: The only people who seem to be celebrating are those who are those outside of Mexico. Few are actually aware the level of corruption that exists within the country and future investors should be ready to pay out a lot of cash to 1) local governors, 2) cartels and 3) federal employees before they even think about investing here. They will also have to think twice about the violence that will follow their investment. Mexico is not ready for companies to invest in it - not by a long shot.
    Good reply.

    Do you ever think we will get the same treatment as the people in Venezuela? They pay around .29 US for a gallon of gas. If this happens I can drive my Durango again.

    I am glad it is quite where I am.
    Last edited by Mason66; 12-17-13 at 12:25 AM.

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

    Quote Originally Posted by Hatuey View Post
    As far as people go: I'm currently in Mexico and no one here is happy with this. As it is, companies already get away with some of the biggest labor abuses here. With the new investors that will come, the prediction by locals is that the government will be used as a punishing force to anyone who dares oppose oil companies. The comparisons to Nigeria aren't exactly helping. Nigeria is rife with human rights abuses, destruction of habitat and labor abuses. Most Mexicans are already predicting it will also happen here. The next elections will be very interesting to watch. It's already a given that the PRI will lose power federally. The oil producing states of Chiapas, Veracruz and Tabasco are already looking at serious demonstrations. People are well aware of the way in which the government has abused its power to enforce the wishes of corporations.

    The violence: The Gulf of Mexico is a place of interest for most as it is currently controlled by the Gulf Cartel and Zetas. When/if Mexico succeeds in luring interests, most Atlantic Ocean states will likely see an increase in violence and even the possibility of an upsurge in kidnappings. It's already happening with the mining industry. Cartels have taken over some mines as well as kidnapped important mining figures in the states of Guanajuato, Zacatecas & San Luis Potosi.

    The economy: It is a given that in Mexico, wealth does not trickle down. Governors in the state that I'm in have a history of 1) Using violence/kidnappings to establish their position 2) Steal outrageous sums of money/benefits/licenses from coffers and 3) leave the state. So people are more than convinced that once oil companies are allowed to invest in Mexican oil fields, governors will charge a "fee" for them to operate, siphon the money from whatever levy/taxes are paid by oil companies and then leave. Essentially, for most this means that corruption in the state will actually grow.

    My opinion: The only people who seem to be celebrating are those who are those outside of Mexico. Few are actually aware the level of corruption that exists within the country and future investors should be ready to pay out a lot of cash to 1) local governors, 2) cartels and 3) federal employees before they even think about investing here. They will also have to think twice about the violence that will follow their investment. Mexico is not ready for companies to invest in it - not by a long shot.
    Interesting insight. You've brought up things that I never would have otherwise considered because on the surface, this does sound like great news. After reading your post, well... let's just say it's harshed my mellow. What you describe is the absolute last thing the Mexican people need at this point. I was thinking, "cool, more Mexican jobs and a huge boost to the Mexican economy" when in reality what it might really mean is expanded corruption and violence. Thanks for an alternate point of view that I certainly wouldn't have heard about on CNN, or any other MSM outlet.

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

    Quote Originally Posted by Hatuey View Post
    As far as people go: I'm currently in Mexico and no one here is happy with this. As it is, companies already get away with some of the biggest labor abuses here. With the new investors that will come, the prediction by locals is that the government will be used as a punishing force to anyone who dares oppose oil companies. The comparisons to Nigeria aren't exactly helping. Nigeria is rife with human rights abuses, destruction of habitat and labor abuses. Most Mexicans are already predicting it will also happen here. The next elections will be very interesting to watch. It's already a given that the PRI will lose power federally. The oil producing states of Chiapas, Veracruz and Tabasco are already looking at serious demonstrations. People are well aware of the way in which the government has abused its power to enforce the wishes of corporations.

    The violence: The Gulf of Mexico is a place of interest for most as it is currently controlled by the Gulf Cartel and Zetas. When/if Mexico succeeds in luring interests, most Atlantic Ocean states will likely see an increase in violence and even the possibility of an upsurge in kidnappings. It's already happening with the mining industry. Cartels have taken over some mines as well as kidnapped important mining figures in the states of Guanajuato, Zacatecas & San Luis Potosi.

    The economy: It is a given that in Mexico, wealth does not trickle down. Governors in the state that I'm in have a history of 1) Using violence/kidnappings to establish their position 2) Steal outrageous sums of money/benefits/licenses from coffers and 3) leave the state. So people are more than convinced that once oil companies are allowed to invest in Mexican oil fields, governors will charge a "fee" for them to operate, siphon the money from whatever levy/taxes are paid by oil companies and then leave. Essentially, for most this means that corruption in the state will actually grow.

    My opinion: The only people who seem to be celebrating are those who are those outside of Mexico. Few are actually aware the level of corruption that exists within the country and future investors should be ready to pay out a lot of cash to 1) local governors, 2) cartels and 3) federal employees before they even think about investing here. They will also have to think twice about the violence that will follow their investment. Mexico is not ready for companies to invest in it - not by a long shot.
    This is good for America.
    Trump Attacked A Syrian Airfield. Trump will be a one-term president.

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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.



    I totally agree.

    I worked in the oil field a good bit of my life and if someone had said this was coming twenty years ago I would have said no way.

    This increased production will be an enormous boost to the USA's economy.

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

    Let us drown in oil and our children drown in its consequences!

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

    Quote Originally Posted by reinoe View Post
    This is good for America.
    And it's bad for Mexico.
    So follow me into the desert
    As desperate as you are
    Where the moon is glued to a picture of heaven
    And all the little pigs have God

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

    Quote Originally Posted by reinoe View Post
    This is good for America.
    **** the rest of the world!
    Freedom of speech is not freedom from criticism.

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

    Horrible news. More massive profits for fat American companies and none for the average Mexican.
    PeteEU

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