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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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From: allevett	11/26/2009 11:20:36 AM
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www.ChinaPost.com.tw The oil is running out: Mexican president Thursday, November 26, 2009 AP MEXICO CITY -- Mexican President Felipe Calderon says Mexico's "is running out," and calls the problem "very serious." Production is falling at Mexico's old, shallow-water offshore fields and the country has yet to exploit is potential deep-water reserves. Calderon told the Televisa news network in an interview broadcast Tuesday that he still expected to be able to check the decline in oil output by next year, after his administration pushed through reforms aimed at spurring deep-water drilling. Calderon says he's sure that by next year "we will be able to stabilize the oil production platform." Copyright © 1999 – 2009 The China Post.

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