Monday, April 30, 2012

Interesting Data Point Regarding Mexican Reserves

It is being reported that Mexico is considering private investment in oil exploration and development.

This is the data point I found interesting:
The U.S. Energy Information Administration's International Energy Outlook 2011 reports that Mexico has the third largest oil reserves in the Latin America, behind Venezuela and Brazil. With 10.4 billion barrels the country boasts roughly half the reserves of the U.S. 
Some estimate the Bakken Pool has 24 billion barrels. 

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