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QUOTE O’ THE DAY
"While the end-of-the-world scenario will be rife with unimaginable horrors, we believe that the pre-end period will be filled with unprecedented opportunities for profit.”
-- Robert Mankoff's Cartoon Banker
Page added on February 26, 2012
Petroleos Mexicanos’ proven reserve replacement rate now exceeds 100 percent, meaning the Mexican state-owned oil company is replacing every barrel of oil it extracts with at least one new barrel of reserves, President Felipe Calderon said today.
Calderon made the comment at a ceremony to start operations of the Bicentenario semi-submersible oil platform, according to a transcript e-mailed by his press office.