Mexico's oil company



Mexico's oil company

Production from Mexico's Cantarell field is collapsing, and production from new fields is not making up the difference. It appears very likely that Mexico has permanently passed its peak oil production. Pemex's performance is notably poor. Used as a cash cow for the government, Pemex has never been able to keep enough of its profits to invest in exploration and better technology, the lifeblood of the best oil companies.

why are the government allowing the oil field to decline ?

Government policies are not on the right tract which is allowing the oil field to decline. On ...