Mexico discovers 'huge' oil field

[Ernesto]

Mexican President Vicente Fox has announced the discovery of a new deep-water oil field, which is believed to contain 10bn barrels of crude.

http://news.bbc.co.uk/1/hi/world/americas/4808466.stm

[xultar]

1. Well I hope the Mexcian Govt Border Patrol allows an inbound flow

because W is commin.

[soothsayer]

2. Look! Mexico is trying to make nukes! Let's invade!!!

[LostinVA]

10. Hahahaha! I was gonna write that!

[no_hypocrisy]

3. You know what this means re. Mexican guest workers:

"Mi casa es su casa."

"Give me your tired, your poor, your huddled masses yearning to be free . . . "

[global1]

4. Does This Mean Bush Will Invade Mexico Next?.......nt

[AzDar]

5. What time is it when Mexico strikes oil? Time to invade Mexico...

Avenging Pancho Villa's invasion,no? :sarcasm:

[tanyev]

7. Nope, it's time to liberate Mexico.

You don't want the Talking Points Police coming after you.

[0007]

14. Mexico must have Democracy, I mean a true Democracy,

everone know FOX is a dictator in disguise and he's trying hard to get rid of the Catholic Church.

Mexico must be saved

[Divernan]

6. And Afghanistan just announced big field discovered.

So we know our troops will never leave Afghanistan until Bush has permanently installed some dictator bought off by Haliburton, and Bush will now have to make nice with Mexico.

I would like to see these countries follow Venezuela's example and hang onto the riches produced by their own natural resources for their own people.

[Skink]

8. Mexican oil Boarse next.

[havocmom]

9. This oil field was speculated about for some time, wasn't it?

There was talk several years ago about the probability of a huge field in the Gulf, just within Mexico's waters. Heard it mentioned we should expect a big argument about where one nation's water ends and open water begins.

Am thinking this will get ugly and the Coast Guard will acquire some new duties as tempers flare on the water.

[Spinzonner]

11. Maybe the southwestern US should return to the mother country

[sutz12]

12. Well, maybe at least Texas....

I doubt we could survive another Pres from Tejas.

[awoke_in_2003]

13. I don' know

if we can get Kinky Friedman elected as governor, maybe we could push him for president. Just slightly modify his current bumper stickers: "Kinky for President, How Hard Can It Be?", "Kinky For Pres, Why The Hell Not?", or "He's not Kinky, He's My President".

[wordpix2]

18. dream on

[Wise Doubter]

20. Has this one been used ?

get Kinky in the White House!




I think I`ll copyright it.

[DBoon]

34. Why would you want to do this to Mexico?

for all its problems, Mexico does not deserve Texas.

[Bridget Burke]

35. Well, we managed to survive Presidents Nixon & Reagan.....

From the Great Liberal State of California.

[phusion]

39. how bout creating Aztlan

a completely new country... :)

[daleo]

15. It must be "huge oilfield discovery week"

First Afghanistan, now Mexico. At 18 million barrels per day, 10 billion barrels would supply the world for nearly 2 years. Not bad, but not enough to make all our worries about peak oil go away either.

[Wise Doubter]

21. Maybe our peak oil worries won`t go away, BUT maybe some

illegal workers will.


If, Mexico`s infrastructure can be built up from such a find - maybe the starving will be able to look in their own back yard.








edit: sp

[anotherdrew]

26. aren't they just moving these fields into the "proven" catagory?

Haven't these been well known highly probable sites that have been know about for decades? Just now they decided to go look see specifics and change the field into the "proven reserve" catagory.

[daleo]

38. That could be

There is a lot of manipulation of proven vs potential reserves.

The BBC article also said that this would make up for declining reserves in other Mexican reservoirs, so there isn't any net gain anyway.

[Spider Jerusalem]

30. Actually...

global consumption is 82-84 million barrels a day; ten billion barrels is only enough for about four months.

[daleo]

37. Maybe I was thinking of U.S. consumption

18 million per day was stuck in my mind for some reason.

[democrat_patriot]

16. When do we invade?

Do they have WMD's?

[Wise Doubter]

23. WMD`s ???

Wild Mexican Dancers ??

I saw some in TJ last summer :scared:

[toopers]

44. We would never invade Mexico . . .

we will drill at an angle from our side!

[Bigmack]

17. Too deep...

The find is too deep for present Mexican technology to reach it.

Pie in the sky.... later.... maybe.

DU has taught me never to accept news reports at face value. This could all be some move by Fox to raise prices on current stocks of oil, or manipulate the market somehow.

Talk to me again when the actual black stuff in the hole is at a refinery and some industry analysts verify the size of the field.

[Mr_Jefferson_24]

19. And guess where we'll be spreadin' democracy before long?

[lovuian]

22. Who needs Iran oil anyway we got it all over the place!!!

I personally think this a belying threat to the Saudis and Iran

[VegasWolf]

24. Damn, Mexico just became part of the AXIS OF EVIL! There goes my

Cancun vacation this summer!

[Julius Civitatus]

25. Project to build a redneck wall across the border, suddenly dropped

Interesting, huh?

Wonder if Cheney will suddenly declare Mexico an "enemy nation" that we need to invade ASAP.

;)

[anotherdrew]

27. no - now Mexico will build the wall to keep our rednecks out n/t

[superconnected]

28. Any minute the Bush Justice dept will release info

that Mexico is making nukes. And helping al quaeda.

And guess who gave Iran the roadside bombs for Iraq?

[underpants]

29. Polk's War

all over again?

http://www.globalsecurity.org/military/ops/mexican_war.htm

[neverforget]

31. how long will 10bn barrels last with todays current consumption rate?

:shrug:

[hatrack]

32. 3 Years - Maybe - but current rates will not remain constant

nt

[Spider Jerusalem]

36. Four months.

Worldwide consumption = 82-84 million bbl/day * 365 = 30 billion bbl/year.

Assuming no other sources, that is. As part of global output the firld would probably produce for 20 years or more, given a production rate of 1 to 2 million barrels a day. But it would represent an insignificant fraction of global output, and come nowhere near to satisfying increasing demand.

[Inland]

40. At the price it's going to take to extract it, it'll last longer.

"The oil is under 930 metres (0.6 miles) of water and a further 4,000 metres (2.5 miles) underground."

The good news is, it'll be expensive and we'll want to make it last longer. The bad news is, it'll be expensive and we'll want to make it last longer.

[hatrack]

42. Sorry, bad math brain fart

Deffeyes had an interesting estimate - for each billion barrels discovered (at current rates of consumption) it pushes back the global peak by one day.

[Spider Jerusalem]

47. That's not too far out of line with other estimates I've seen...

I seem to recall that either Campbell or Laherrere ran their depletion model and doubled the assumed remaining oil endowment from 1 to 2 trillion barrels; with those numbers peak was only pushed back by 10-15 years.

[sakabatou]

33. More incentive for the gov't to not invest in clean or renewable energy

[hexola]

41. CLOSE THE BORDERS.........LOL

[Ezlivin]

43. Sounds good. But so does flying nuclear cars. And both are as likely.

Every once in a while there is an announcement like this. Another huge field discovered. By the time they get the equipment in there and start drilling, the number will be half of the starting figure. Ultimately they'll be lucky to get at one quarter of the 10B barrels.

Our policy is to worry about running out of oil only after we've run out. Last lemming to the cliff is a loser!

[HuffleClaw]

45. they forgot the part about mexico harboring TERRORISTS !

and that america can't stand by while that oil is in the hands of evildoers!

[hexola]

46. Who cares? We buy all our oil from terrorists...right..? (nt)