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Page added on April 25, 2011

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PEMEX: The Elephant in the Room With Us

PEMEX: The Elephant in the Room With Us thumbnail

Mexico’s Pemex crude output, exports flat in April MarketWatch / Apr 19, 2011 << Mexico’s state-owned oil company Petroleos Mexicanos, or Pemex, said crude-oil production and exports were stable in the April 1-17 period, with total output just under the company’s target of 2.6 million barrels a day. >>


Doesn’t that word sound nice? Too bad the reality is this instead:

(click for source)

It’s only “stable” if you ignore the ongoing collapse.


2 Comments on "PEMEX: The Elephant in the Room With Us"

  1. cusano on Tue, 26th Apr 2011 3:24 am 

    Opps..they meant to say ‘kinda’ stable.

  2. Kenz300 on Tue, 26th Apr 2011 7:45 am 

    It will really hit the fan when exporting countries stop exporting oil and keep the production for their own economies.

    Do they need the money gained from export or do they supply their populations?

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