Oil Crisis: Closer than we think?
It has been a while since I have written about this sort of thing. I have spent too much time writing about my kitchen.
In his latest blog post James Howard Kunstler included this:
the crashing of Mexico's Cantarell oil field (60 percent of Mexico's production) means that inside of five years the US will receive no more imports from what has been its third leading source.
While this is shocking news for the US, it is much worse for Mexico. According to another source on the Mexican economy:
oil provides nearly 40 percent of the government's revenues
Since oil exports play such a critical role in the Mexican economy, loss of this source of revenue will be devastating.
Add to that the the price of corn, a staple of the Mexican diet, is already rising dramatically as we try to turn corn into fuel for cars instead of fuel for humans.
I suspect this will make immigration issues even worse as many more Mexicans will be desperate to cross the border. But without oil in our relationship with Mexico there will probably be less in the US government willing to work on immigration issues, and more who are in favor of "securing the border". But of course how does one secure the border if one can not fuel up ones border patrol car or plane?
Danger ahead.
In his latest blog post James Howard Kunstler included this:
the crashing of Mexico's Cantarell oil field (60 percent of Mexico's production) means that inside of five years the US will receive no more imports from what has been its third leading source.
While this is shocking news for the US, it is much worse for Mexico. According to another source on the Mexican economy:
oil provides nearly 40 percent of the government's revenues
Since oil exports play such a critical role in the Mexican economy, loss of this source of revenue will be devastating.
Add to that the the price of corn, a staple of the Mexican diet, is already rising dramatically as we try to turn corn into fuel for cars instead of fuel for humans.
I suspect this will make immigration issues even worse as many more Mexicans will be desperate to cross the border. But without oil in our relationship with Mexico there will probably be less in the US government willing to work on immigration issues, and more who are in favor of "securing the border". But of course how does one secure the border if one can not fuel up ones border patrol car or plane?
Danger ahead.
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