Quote:
Originally Posted by Baht Dog
I don't think it will even take that long. The situation is very grim and I don't see anything on the horizon that is going to improve it as the global economy continues to spiral downward. What happens if the global economy is far worse in ten years?
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I agree with you. IMO, a 25 year time-frame is wildly optimistic. The link has data specific to Mexico and its oil production.
LINK
Notice this about exports:
“Right now we are exporting more than about 1m barrels a day, which is much less than before, and that is a number that is going to slowly move down towards zero over the next 10 years,” he said.
LINK
In addition, PEMEX contributes close to 40% of the national budget.
LINK
Our policy makers might be wise to ask themselves what they will do if tens of millions of people in Central America decide to start walking north.