Mexico’s Oiling Days Ending Soon

If we Americans think persuading our Congress to get serious about drilling for oil is tough, consider what the president of Mexico is going through.

Even without a terror attack on its oil facilities, Mexico’s output is falling sharply and could end as soon as 10 years. Its president is setting an example by fighting a difficult Congress and culture to reverse that.

Put simply, Mexico’s state oil company, Pemex, is running out of oil. Its output has plunged 20% in the last three years, an unsustainable drop that could lead to a collapse of the country’s oil industry in a decade, according to Mexico’s oil minister.

IStockAnalyst