Nov 13, 2013
The Easy Energy Is Gone. Mexico’s oil industry pumped dry
Mexico's oil industry is in a bad way. The country's once massive petroleum reserves have basically been sucked dry. Production is plummeting, and the state oil monopoly, Petróleos Mexicanos (Pemex) is hemorrhaging money. Unless something is done soon, for the first time in decades Mexico could fall from its coveted spot among the world's top 10 oil producers.
