US officials handed $2.4 million in proceeds from stolen oil products to Mexican authorities as part of a case against a Houston importer. US refineries bought millions of dollars worth of oil stolen from Mexican government pipelines and smuggled across the border, the US Justice.

It was about time , I totally understand the people of Mexico being afraid of being robbed by corporate companies. but Mexico has changed since the times of PRI , and Mexico needs foreign investment in order to get that oil and maintain its growth that it so badly is needed. bloomberg.com: Mexican President Felipe Calderon said he will meet with the heads of major energy companies at the World Economic Forum in Davos, as [...]

  After declines, Mexico says oil Output to increase in 2011 The Mexican government said a recent downward trend in oil production will conclude between this year and next and that output in 2015 will total some 3 million barrels per day, not far off the country’s all-time highs. In an appearance before the Senate on Wednesday, Energy Minister Georgina Kessel said that, following recent energy sector reforms, state oil monopoly Petroleos Mexicanos will produce [...]

Mexico, Brazil and the United States could be world-wide powers in deep water oil drilling, according to the information that slightly I synthesize and that as far as Mexico say: “Of a total of 54 billion barrels of crude equivalent, 55 percents -29,5 billion barrels are located in deep waters of the Gulf of Mexico. “But it could have more deep water resources. The Oil consultants consider the volume of reserves of Mexico, in that [...]