40% this year... In 2007, Mexico was our second-biggest oil supplier, after Canada. Last year, with a 15% drop in daily barrels supplied, the country dropped to third place behind Saudi Arabia. As Mexican oil exports dry up, we become more dependent on Nigeria and other places you wouldn't take your family on vacation.
Last year's oil reforms were a step in the right direction, but the pace needs to pick up dramatically if the country is serious about heading off a crude cataclysm...
Read this warning Via NBC or nearly everywhere on the news
This is not the best of the worst news this we after the US administration has stated we over-invested In Oil, Gas, with a new effort to impose $31.5 billion in taxes on oil and gas companies, saying that the nation puts too much emphasis on oil and gas at the expense of other industries... "We are 62% imported from not very friendly countries right now on oil,"
The Obama administration also may run into inconsistencies as it shapes its own energy program. By taking away tax incentives for gas production, the U.S. would be discouraging a cleaner-burning fossil fuel that is seen by some environmentalists as central to transitioning away from coal.
"This counterproductive approach is also at odds with the administration's own carbon reduction policy because it would discourage the production of natural gas, our cleanest fossil fuel," said Nichols. - RigZone -
Source TOD of course ( Today, but I think they have been running this 'out of easy oil story' for about 4 years ;-)
