The wheels of reform move slowly, but on July 15, the first international investors put their toes in the shallow water of Mexico’s oil prize—which could be “as big as the proven reserves of Kuwait.” The Financial Times (FT) calls Mexico’s potential 107.5 billion barrels of oil: “quite a feast.” FT adds: “The country is viewed as one of the dwindling number of opportunities to add substantial reserves to portfolios after several years when the oil majors have struggled to make big discoveries.”
Tagged: Gulf of Mexico
Five years ago, following a blowout and explosion on the Deepwater Horizon rig that killed 11 workers, the nation was spellbound by the 87-day visual of oil flowing freely into the waters of the Gulf of Mexico from the Macondo well. The 3.1 million barrels of spewed oil has been called “the world’s largest accidental marine spill” and “the worst environmental disaster in U.S. history.”
“If you like your health plan, you can keep it,” is the Lie of the Year, according to PolitiFact. But Barack Obama has been operating under an even more momentous lie for his entire presidency.
The debate continues: Does President Obama cling so tightly to his leftist ideology that he will continue to laugh in the face of Americans struggling with rising gasoline prices? Or will[…]