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Posts tagged “Mexico”

By Robert Rapier on Apr 24, 2013 with 6 responses

Test Your International Oil IQ

In last week’s column, we examined some oil production trivia involving US states. This week, we look at some international oil trivia covering the 5-year period 2007-2011, as well as some individual trivia from 2012.

In this case, the data sources are the 2012 BP Statistical Review of World Energy and the Energy Information Administration. A table showing the Top 15 countries with the highest percentage increases in oil production over the past five years follows the quiz. Answers are at the end.

1. Which country had the largest percentage increase in oil production from 2007 to 2011?

a. Canada
b. United States
c. Russia
d. Columbia
CONTINUE»

By Will Rogers on Jan 31, 2013 with no responses

Top Five International Energy Trends to Watch in 2013

Energy issues ranked among the top international headlines in 2012 – As we look ahead, what are the major energy trends that are likely to take shape and play out in international headlines in 2013?

By CER News Desk on Nov 27, 2012 with no responses

Newly Found Mexican Oil Source Could Hold 1 Billion Barrels

Petroleos Mexicanos (PEMEX), the fourth-largest oil producer in the world, has announced that it has discovered a crude oil deposit that could provide as much as 1 billion barrels by the time exploration and extraction is complete.

More than 500 million barrels are estimated to lie beneath the original well site, dubbed Navegante 1, at a depth of nearly 4 miles, with another 500 million barrels expected to lie in surrounding areas. PEMEX, a state-run oil firm, has already spent more than $10 billion in exploration efforts, culminating in this, the largest solid-ground crude discovery made in the country in the past 10 years. (Read More: How Much Oil is Left in the World?)

CONTINUE»

By Robert Rapier on Jan 9, 2012 with 23 responses

What’s So Bad About Exporting Gasoline?

One of my Top 10 Energy Stories of 2011 was the fact that the U.S. had become a net exporter of finished petroleum products such as diesel and gasoline. In fact, because gasoline and diesel prices were so high, U.S. fuel exports were valued at $88 billion, which made them the top value export in 2011 for the first time ever: Measured in dollars, the nation is on pace this year to ship more gasoline, diesel, and jet fuel than any other single export, according to U.S. Census data going back to 1990. It will also be the first year in more than 60 that America has been a net exporter of these fuels. Just how big of a shift… Continue»

By Robert Rapier on Jul 25, 2011 with 10 responses

PEMEX and the Long Road to Privatization

The following guest post is from OilPrice.com. ——————————– Petroleos Mexicanos (PEMEX) is the state-owned oil company (and natural gas) of México, which since the 90′s has been discussed for privatization like many other state-owned companies in México. The policy of privatization is sometimes called liberalizing the company, however many aspects of privatization need to be taken into consideration when discussing such a lucrative portion of the federal budget for México. PEMEX has 41 divisions, and is a source of Mexican sovereignty, and any talk of privatization will not happen without a strong fight, not only from the left, but also Mexican nationalists who see it as a source of pride. This article will attempt to give a brief summary of… Continue»

By Robert Rapier on Oct 2, 2008 with no responses

Forbes Making Misleading Claims

Forbes magazine is making claims that the U.S. is exporting oil to other countries: America’s Oil Export Problem (Yes, Export) The U.S. could cut oil imports by nearly 15% tomorrow without using less gasoline, invading a foreign country or driving up prices at the pump. How? By cutting exports. This will come as a surprise to many, but in the past four years U.S. oil and petroleum exports have reached four consecutive record highs–at least since the early ’80s. In 2007, the U.S. exported 1.43 million barrels of oil per day; up by roughly half a million barrels of oil per day since 2004. As I said when Jon Tester made similar claims, that’s utter rubbish: First off, here are… Continue»

By Robert Rapier on Nov 5, 2007 with no responses

$100 Oil This Week

It hasn’t gotten all that much media coverage yet, but it is looking more and more like Mexico has taken a Katrina-sized hit that has devastated Tabasco. I had to go to The Irish Times for this: Government offers aid to Mexico A week of heavy rains over Mexico caused rivers to overflow, drowning at least 80 per cent of the swampy, oil-rich state of Tabasco. Much of the state capital, Villahermosa, looked like New Orleans after Hurricane Katrina, with murky water reaching to second-storey rooftops and desperate people waiting to be rescued. There has been some mainstream media coverage, but so far the MSM is largely asleep at the wheel. Another story that emphasizes how this disaster has impacted… Continue»