ISSUES....
Inside, confidential, off the record

 

"Before and after"

Let's hope that big oil will come out of the Gulf of Mexico, on both sides of U.S. and Mexico's territorial waters. Chevron’s latest deep water oil find, an estimated of 15 billion barrels of oil, is not competing with Pemex announced find, a deep-water exploration known as Noxal field off the coast of the southern state of Veracruz that could contain as many as 10 billion barrels of oil, but both finds if confirmed are going to put a benchmark in the before and after those finds on both countries. For the U.S. means adding 50 percent to the nation's reserves about 50 percent, and for Mexico's means it would be one of the largest in the nation's history and go a long way toward bolstering Mexico's rapidly declining petroleum reserves, which some experts have warned could run out in as little as 11 years.

 

Petroleumworld 09 11 06

ISSUES....

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