Print This Post
Mexican Oil Exports Down in February
Platt’s reported a 12% y/y decline in Mexican oil exports in February. “In February 2009, Mexico exported 1.257 million b/d of crude, down from 1.366 million b/d in the previous month and 1.429 million b/d in February 2008.”
Tags: peak oil investments
Print This Post
10 responses so far ↓
1 KV // Apr 2, 2009 at 9:26 am
Get ready for largest expansion of the world economy, and alternate energy. That also means oil will be significant in making this change. Year end oil price over $60 below $90. A great place for a few years.
2 The Right Side of Life » Thursday’s Headlines // Apr 2, 2009 at 8:00 pm
[…] Mexican Oil Exports Down in February […]
3 Jimp // Apr 3, 2009 at 3:09 am
Jim K,
Not to change subjects. Could you add your insight on the latest news concerning Lynas corp? It appears as you predicted that Lynas has moved on from the existing bond holders… The stock price has moved up 50%. What do you think will happen next, and is this still a great opportunity?
Thank you,
Jim
4 Karol // Apr 3, 2009 at 3:31 am
So, in line with Mexico’s government problem of funding its country how will our government respond to the increase demand for oil in the future combined with the slow change to electric power cars? By this I mean since we have past peak oil here in the U.S. and our government taxes the gas we consumers get at the pump I can only see us being further taxed on the electricity we buy. How will our government paid for our road structure in the future and at the same time have some control over imported oil?
5 Karol // Apr 5, 2009 at 3:39 am
To get ready for the largest expansion in history or to “batten down the hatches” that is the question for us energy investors.
Some things to ponder;
Mexico is drawing down on it’s oil and is perhaps well over it’s oil peak just as the U.S. was by the 70’s and Mexico’s doesn’t have the fortitude found in the U.S. it only has its drug problem,
North Korea just launched a satellite which…”under the far-reaching plan of leader Kim Jong-il” will “open the gate to a great prosperous and powerful nation”…meaning anything from jobs for its masses in communication or stepping next to nuclear power and world wide black-mail which is indeed a more impressive play then what Mexicans drug lords are doing, alas, this event of launching a satellite may turn out to be Obama’s 911 in that Iran may see a much stronger business partner combined with the lack of success of the world nations to impose their will…hence we may sooner rather then later see a nuclear armed Iran, and that may just…just, but not really likely in itself send the price of oil into orbit along side the new N. Korean satellite.
And why is that not likely?
Because we have to much oil to be discovered. We have oil sands. We have millions of barrels in storage (so much we need to use ships). We have the great alternate energy coming on board.
And!
We have Israel not doing anything.
6 robert essian // Apr 5, 2009 at 5:12 am
KV, I’m with you.
Canterell could be exporting only 600,000 barrels by year end. It is estimated that the U.S. production will drop by 400,000 barrels a day this year do to oil rigs laying low, and OPEC has removed 3 million plus, oil sands, deep water, and all other non-profitable plays. Add the yearly (natural) decline rate, the political pressures in producing countries that depend so much on oil prices and $60-$90.00 looks realistic.
In addition Natural Gas could be a fine investment by Q4 or Q1, and I’m looking to add to that position in low cost producers like Southwestern energy.
To finish, I thought President Obama was just outstanding during the G20 get together. The first Lady is a wonderful and sincere young women. I have been very impressed by their humility, and grace (not to be confused with weekness) since they started leading our country. Very impressive…Go MICHIGAN STATE
7 Karol // Apr 5, 2009 at 5:25 am
Boy are we in trouble.
Since I last wrote.
News came online that the launch failed.
What happened? Well in that short time frame Obama is reported to have made a statement condemning the launch. Just what do you think the stock market would do if it was open and the U.S. president made an announcement that was not true? or set up?
His statement lead me to believe that the launch was successful…who you believe otherwise? Here, our president is playing games with us the public or did he really not know. I mean hell, I as a kid used to take a fire-cracker and put in a hole in a can bottom and place it bottom up in a pie pan with a little water and lite the firecracker which would launch the can.
8 robert essian // Apr 5, 2009 at 8:26 am
Regarding my previous posting I would like to add that I’m more than concerned that we are probably witnessing a Bull in a Bear market. Feeling that this is an opportunity to add to my position, and so far so good.
The Professor’s views are the ones I strongly believe in and will only look for trends developements to add more cash value to maximize profits in what will be a wonderful opportunity in a couple of years…Peace
9 Jim Kingsdale // Apr 9, 2009 at 7:54 am
jimp: I still hold all the Lynas shares I’ve ever bought - a not huge but also a not insignificant position. My sense is that REE’s will become increasingly valuable and Lynas has a decent chance to build a successful mine. But it’s still a very high risk position since the company has no operating revenue yet.
10 Jimp // Apr 9, 2009 at 12:45 pm
Jim Kingsdale,
Thank you for responding to my post regarding Lynas corp. There’s very little information on Lynas
corp, so knowing where you stand helps.
Leave a Comment