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Page added on April 30, 2008

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Proposals unlikely to improve Mexico’s oil output

WASHINGTON


In an already tight world oil market where prices are pressing $120 a barrel, any decline in oil supplies matters. It matters to the U.S., which buys 8 percent of its oil from Mexico and will have to look to other, shakier suppliers to take Mexico’s place. It certainly matters to Mexico, where more than a third of the federal budget comes from oil revenue.


Dallas Morning News



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