Barry A.
Select Nomad
Posts: 10007
Registered: 11-30-2003
Location: Redding, Northern CA
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Mood: optimistic
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1/3 rd of their income???????????------
Holy cow-----talk about a fragile income base!!!! I never dreamed that "OIL" represented 1/3 rd of their state income. I am very uncomfortable with
that. They need to deversify, and NOW!!!! When (if ever) is Mexico going to get their act together???????
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rpleger
Super Nomad
Posts: 1087
Registered: 3-12-2005
Location: H. Mulegé, BCS
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Mood: Was good.
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That is good news for M?xico,
Good for us.
Richard on the Hill
*ABROAD*, adj. At war with savages and idiots. To be a Frenchman abroad is to
be miserable; to be an American abroad is to make others miserable.
-- Ambrose Bierce, _The Enlarged Devil\'s Dictionary_
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Don Alley
Super Nomad
Posts: 1997
Registered: 12-4-2003
Location: Loreto
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| Quote: | Originally posted by Barry A.
Holy cow-----talk about a fragile income base!!!! I never dreamed that "OIL" represented 1/3 rd of their state income. I am very uncomfortable with
that. They need to deversify, and NOW!!!! When (if ever) is Mexico going to get their act together??????? |
Maybe they need to cackdown on gringos bringing in stuff across the border without paying the duty.
And there's the property tax, lol!
And the iva sales tax, that must rake in the pesos in an almost all cash economy.
But I like the oil income angle. At the consumer level it seems to work...availability is good, quality is acceptale, and the price, even with
possible pump rigging, is competative with the USA or better, and maybe more stable. But instead of the USA settling for (maybe) a small percentage of
Big Oil's record profits, Mexico's government rakes in the bucks, allowing for a lesser tax burden on its citizens AND resident tourists.
Works for me, I'm comfy.
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Barry A.
Select Nomad
Posts: 10007
Registered: 11-30-2003
Location: Redding, Northern CA
Member Is Offline
Mood: optimistic
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Long term profits for USA oil companies-----
----is in the lower-middle range for USA companies. That is a fact!!!! What is happening lately is that they are making up for the many lean years,
which were mostly caused by government interference.
For any "state/nation" to be 1/3 dependent on one source of income is dangerous.
Now having said that, I certainly do "feel good" that Mexico's income is once more assured for a few more years, but doubt that much will trickle down
to the folks out on the ground, from past performance. Those "on the ground" folks are still thinking of jumping the border, and I don't think this
will help much.
I repeat----they need to diversify!!!
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Bruce R Leech
Elite Nomad
Posts: 6796
Registered: 9-20-2004
Location: Ensenada formerly Mulege
Member Is Offline
Mood: A lot cooler than Mulege
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what about Tacos? thay are about 48 %
Bruce R Leech
Ensenada
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wilderone
Ultra Nomad
Posts: 3824
Registered: 2-9-2004
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Mexico is doing oil business with VENEZUELA not the US.
Mexico's second largest income stream is from employed Mexicans in the US sending their money to Mexico. The third largest income base is from
tourism.
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wilderone
Ultra Nomad
Posts: 3824
Registered: 2-9-2004
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I stand corrected - mea culpa:
January 2006 Import Highlights: Released on March 13, 2006
Preliminary monthly data on the origins of crude oil imports in January 2006 has been released and it shows that two countries have exported more than
1.7 million barrels per day to the United States. Including those countries, a total of five countries exported over 1.1 million barrels per day of
crude oil to the United States (see table below). The top sources of US crude oil imports for January were Canada (1.768 million barrels per day),
Mexico (1.701 million barrels per day), Saudi Arabia (1.335 million barrels per day), Venezuela (1.228 million barrels per day), and Nigeria (1.133
million barrels per day). The rest of the top ten sources, in order, were Iraq (0.532 million barrels per day), Angola (0.420 million barrels per
day), Ecuador (0.371 million barrels per day), Algeria (0.235 million barrels per day), and Colombia (0.135 million barrels per day). Total crude oil
imports averaged 9.677 million barrels per day in January, which is a decrease of 0.311 million barrels per day from December 2005. The top five
exporting countries accounted for 74 percent of United States crude oil imports in January and the top ten sources accounted for approximately 92
percent of all U.S. crude oil imports.
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sylens
Senior Nomad
Posts: 584
Registered: 4-6-2005
Location: Ensenada
Member Is Offline
Mood: ando bajando
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wilderone
my understanding is that as of 2005, the largest income stream comes from money sent home by mexicans working abroad
lili
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