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April 25, 2008


Michael Blowhard writes:

Dear Blowhards --

A couple of amazing facts for the day:

  • Despite high oil prices that have most of the world's oil outfits rolling in cash, Pemex, Mexico's state-run oil company, is managing to lose money.

  • Mexico is rapidly running out of oil -- and oil revenues supply one-third of Mexico's federal budget. Finding more reserves will require Xtreme offshore engineering and drilling stunts, and Mexico isn't technologically up to the challenge.


We're talkin', apparently, about the possibility that the Mexican government will collapse, and rather soon.

Am I the only person who reads this article and thinks, "Oh, dear. As if Mexicans don't already have enough reasons to try to make it across the border into the U.S...."?



posted by Michael at April 25, 2008


The only advantage(?) of the situation is that so many Mexicans may come, so fast and so hard, that everybody will finally get the necessity of sealing your southern border. With a nice big long wall, the kind the Egyptians are now contemplating building in order to cork up the Gaza Strip bunghole. It's amazing how a flood of undesirables into your territory concentrates the mind. And believe me, America's mind needs some concentratin'.

Posted by: PatrickH on April 25, 2008 12:56 PM

BBC, 15 March 2006, 11:44 GMT

Mexico Discovers 'Huge' Oil Field

Mexican President Vicente Fox has announced the discovery of a new deep-water oil field, which is believed to contain 10bn barrels of crude. The field is in the Gulf of Mexico, and Mexico says it could be bigger than its largest oil field, Cantarell.

Production there is said to have declined sharply in recent years.

Mr Fox made the announcement as figures showed the country's total oil reserves had fallen 2% between 2003 and 2005.

Perforation of the well known as Noxal 1, which is located about 100km (60 miles) from the port of Coatzacoalcos on the coast of Veracruz state, started in December.

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

Visiting the drilling platform, Mr Fox said: "With Noxal we will begin a new era of oil exploration in our country."

Looks like we're all being softened up for an even bigger influx of Mexicans by our lying overlords, who plan to crash Mexico's economy. Are you sick of this BS yet?

Posted by: BIOH on April 25, 2008 1:08 PM

No, now there are two.

Posted by: vanderleun on April 25, 2008 1:30 PM

Given the corrupt state of Mexico's government (where do you think that oil money goes?) I'm not entirely sure that it's collapse would actually make much difference in the number of illegal immigrants. The people who come here aren't getting any benefit from it anyway, unless you count the disgusting government-printed guides for getting into the US illegally.

Posted by: mikesdak on April 25, 2008 2:08 PM

Just echoing a point made previously by Steve Sailer, but isn't it interesting how little press coverage our southern neighbor gets in the U.S., given the immense impact that Mexican immigration has had and will continue to have on U.S. demographics.

Posted by: Friedrich von Blowhard on April 25, 2008 3:04 PM

Those of us who are of a certain age, i.e. old enough to remember the Cold War no doubt recall being told in the 70s and 80s that we "had to" permit a certain amount of illegal immigration from Mexico, because that "safety valve" was the only thing preventing Mexico from boiling over into violent revolution and going communist.

Well, here we are 20+ years later. The Cold War is over, and we have more illegal immigrants then ever. The argument is no longer that Mexico is going to go commie, but that our economy would collapse without the cheap, unskilled, uneducated labor Mexico exports to us. Once that excuse is debunked (if it has not been already), what will our elites tell us next? At some point, I do expect some official of our government to intone that we must "bow to reality" (Chertoff's words) and accept that so many Mexicans have taken up residence within our country as to make large parts of it de facto if not de juris Mexican territory.

Make no mistake about it, this is being done to us on purpose, and without our consent. Why are we permitting this to happen?

Posted by: c.o. jones on April 25, 2008 3:13 PM

Mexico is "running out of oil" and Pemex is losing money because the Mexican government is so nationalistic that it will not allow foreign direct investment into the petroleum industry in order to allow Pemex to access the deeper down oil.

There are two possibilities here. One, oil revenues continue to decline until the Mexican government collapses. Two, the Mexican government allows direct foreign investment in the petroleum industry in order to prevent the collapse of the Mexican government.

Posted by: kurt9 on April 28, 2008 5:24 PM

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