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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (387990)	6/2/2008 9:38:23 PM
From: Brumar89	Read Replies (1) \| Respond to of 1575761

VZ found another field a couple years back and is preparing it for drilling or they are drilling. Not sure what field you're referring to. The problem in VZ and MX isn't a shortage of prospects. The govt is taking money in both countries from the NOC to fund general govt expenses. The NOC's therefore don't have the $$ (and technology) to invest in exploration and development of new wells. In addition in VZ, foreign capital being invested has been discouraged by the govt nationalizing their past investments. Some companies have decided to just leave. The ones staying are sitting waiting hoping to outlast the govt. They aren't investing new money - why when Chavez will steal it? MX has not been able to find more oil; then again, maybe the geologists are lying. What do you think? They aren't doing enough exploration to find more oil. The country should a have a LOT more. Consider, the geology is similar to and adjacent to TX/LA which is a rich oil province but is virtually undeveloped and unexplored. MX is TX/LA before the oil booms they've seen over the past century. Have you ever seen maps of wells and pipelines in the GOM? You have extensive development off TX and LA, then at the TX border nothing. See the map on the lower bottom left here: rigzone.com BTW the same disappearance of any oil/gas activity happens at the AL/FL border too. The same is true onshore. Their biggest offshore field, Cantarell, now in decline was found literally by accident by a fisherman named Cantarell. There are loads of companies operating onshore in TX and offshore in the US GOM that have experience finding, developing and producing oil and gas. I'm very confident they could find enough in MX to make it another SA if they were allowed. The current situation is looking like a top to me. But thats just me. Where do you see a top in this chart: quotes.ino.com; JMO I think we're close - I've given my rationales for that in other posts. I acknowledge I could be wrong - markets are complex and its not easy to know how to weight factors.