Originally posted by DavidE
No Chuckie, Mexico's economy is wonderful. Mexico is poised to lose 80% of its extraneous oil revenues this year. "Fracking" is in the process of
flooding the USA with crude oil and natural gas. Enough natural gas to allow .20 gallon US for passenger bus motor fuel in US cities. Enough crude to
panic "speculators" into throwing billions in bribes, er political donations in foggy bottom to allow exportation of oil. The problem is Canada and
Australia both have titanic reserves of shale oil waiting to be fracked. So does Mongolia and Siberia. Read hundreds of TRILLIONS of barrels of crude
oil reserves. One "disappeared" Soviet era petro-geologist told Jim Lehrer decades ago that the "Soviet Union proven crude oil reserves can be
measured in the QUADRILLIONS of barrels".
So we get a life-threatening cold snap in the USA and the maggots are already driving up natural gas futures.
Don't worry be happy. Ya sticks your ATM card in the machine and pesos pop out. Oops, sorry they dragged the machine away with a chain last week. Wait
till hyperinflation hits. Grocery store price tags once again are going to look like zip codes.
The narco scare has depleted extraneous tourism except in special destinations like Cantcun, Cabo San Locos, and Puerto Vallarta, where people fly in
dump thousands of dollars and hundeds of billions of pesos are stampeding their way out of the country. |
