Mexican Oil Production Takes to Dive
Posted 22 June 2012 - 04:12 PM
Posted 22 June 2012 - 05:51 PM
Posted 22 June 2012 - 06:08 PM
Posted 22 June 2012 - 06:47 PM
Posted 22 June 2012 - 09:17 PM
They know how to make friends in foreign places.
Need I say 9/11.
Posted 23 June 2012 - 01:09 PM
Posted 23 June 2012 - 03:22 PM
Do you know of any major private oil company that is incapable of developing the resources that Pemex has yet hasn't been able to develop, hence the falling production?
I worked in the oil industry (production) too and there was payola mainly by the service suppliers to the employees. But everyone showed up for work. The organization was competent if very well fed. I have to chuckle, I remember how the service companies had these nice places down by Falcon lake that they'd give us, fully stocked, for fishing outings plus "fishing" trips across the border if you get my drift.
Just keep in mind that the government and the people lose when the payroll is padded, the executives are bribed, the organization lacks the competence to develop the resources it has. That is why the outgoing Mexican administration tried to reform it and that is why the likely incoming one also wants to do so. If this organization isn't shaped up soon and the necessary expertise acquired, this country is going to end up importing oil. What do you think that will do to the already elevated price at the pump here?
Besides, they need the money.
Posted 23 June 2012 - 05:48 PM
Companies where the whiz kids of EUA all go to work everyday (well except those private enterprise guys at Enron).
All were highly skilled and had good catch phrases for their little private enterprises. We all probably saw, the little Enron electircity brokers and "Burn baby Burn" from the "Smartest Guys in the Office".
Then we saw private oil put a little "Tide" or "All" detergent out to "dissipate" their little spill.
Those are the kinds of fellows that Mexico's constitution provents from coming in to "help". I believe it originated due to Mexico's fondness for ol' Zach Taylor.
Posted 24 June 2012 - 07:23 AM
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