[Revi]

A lot of Mexico is able to live without much oil. We could learn a lot from the way they live down there. We are the ones with the oil addiction problem.

Still, as they say, when the US sneezes, Mexico gets pneumonia.

They will have real trouble with Gulf of Mexico production declining at 34% per year. I heard that 60% of the Mexican government's revenues come from oil production.

[copious.abundance]

$this->bbcode_second_pass_quote('MonteQuest', 'A')nd your point is?

[Cashmere]

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('MonteQuest', 'A')nd your point is?

[DantesPeak]

That chart leaves out US oil and oil product exports to Mexico:

http://tonto.eia.doe.gov/dnav/pet/hist/mttexmx1m.htm

Of course, Mexico may also be importing gasoline/diesel from other countries too.

Articles I posted elsewhere today say that Mexico is not prepared to build enough reineries for itself and will continue to import more and more oil products.

[frankthetank]

[eastbay]

$this->bbcode_second_pass_quote('Revi', 'A') lot of Mexico is able to live without much oil. We could learn a lot from the way they live down there. We are the ones with the oil addiction problem.

Still, as they say, when the US sneezes, Mexico gets pneumonia.

They will have real trouble with Gulf of Mexico production declining at 34% per year. I heard that 60% of the Mexican government's revenues come from oil production.

[Nicholai]

OF2, how can you base your idea on one example? How can you come to any specific conclusion from one individual case study? Any Econ 101 Prof will tell you that by using government funded fuel subsidies, a market CANNOT reach equilibrium. There will always be an imbalance between supply and demand in a situation of government subsidizing.

Subsidies to gasoline would be like wearing a plastic cup as a jock strap for an after school fight. You go in with confidence, you last for one kick to the groin and then you're helplessly thrashed until your chances of reproduction can only be measured with a decimal place.

Subsidies give consumers a false impression of the market and bastardize the market equilibrium.

[Nicholai]

As well, subsides cannot create more oil. It is not even a short term solution. It is a horrendous short term choice with horrible long term pain.

[copious.abundance]

$this->bbcode_second_pass_quote('Nicholai', 'O')F2, how can you base your idea on one example?

[DantesPeak]

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('Nicholai', 'O')F2, how can you base your idea on one example?

[TheDude]

Just Google 'Mexico corruption' and you'll find out why consumption isn't the issue here.

$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('', 'T')he culture of tolerance of "mordidas", bribes and extortion maintains the country in poverty and makes it lose growth and investment opportunities. Families with the lowest income are the ones that feel it the most, and spend up to a quarter of their salaries on bribes when attempting to get goods or services from the State.

[copious.abundance]

Here's a few more reasonably similar examples.

It almost seems that, once a nation reaches a certain per capita income level these days, their oil consumption starts to plateau. There are exceptions, of course.

Hard to say exactly what that level is - seems to be around a per-capita GDP of ~$10,000, but that's just a guideline.

Argentina


Chile - which has been just about the best-performing economy in Latin America for several years now


Colombia - this has been a fast-growing economy for a few years now, too. Plus they've got somewhat sizable amounts of oil. But I'm sure their almost-civil-war cut consumption for a while. Still, the war has calmed down for the past few years, but their oil consumption still hasn't really risen.


Malaysia


Additionally, if you look at Taiwan and Indonesia, their consumption has basically stopped growing or fallen for the past 2-3 years, but I'm not sure that's long-enough yet to make it a trend.

[DantesPeak]

Chile has seen a tremendous increase - about triple - in year over year diesel imports from the US in 2008.

Come on, as MQ says, what's the point here?

$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('Nicholai', 'O')F2, how can you base your idea on one example?

[DantesPeak]

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('Nicholai', 'O')F2, how can you base your idea on one example?

[Cashmere]

DP, why give this guy the time of day?

It's like Socrates trying to convince a 4 year old that eating his vegetables would be a good move.

[MonteQuest]

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('MonteQuest', 'A')nd your point is?

[cube]

$this->bbcode_second_pass_quote('Cashmere', 'D')P, why give this guy the time of day?

It's like Socrates trying to convince a 4 year old that eating his vegetables would be a good move.

[TheDude]

$this->bbcode_second_pass_quote('Cashmere', 'D')P, why give this guy the time of day?

It's like Socrates trying to convince a 4 year old that eating his vegetables would be a good move.

[pup55]

http://www.peakoil.com/printout4571.html

$this->bbcode_second_pass_quote('', 'R')apidly falling production in Mexico’s aging Cantarell oil field is part of the problem. Also significant, though, is the rising number of cars on Mexican roads. They have nearly doubled, to almost 16 million, in the last decade, and gasoline consumption is growing 5 percent a year.