Mexico: Oil Depletion and Illegal U.S. Immigration

Mexico’s oil industry is, in large part, a direct reflection of the country’s economic well-being. As those who have been following global oil output are aware, production in Mexico has started to wane, and just might decline very rapidly. Since the Mexican federal budget depends very heavily on oil revenues, the country may be faced with some tough times ahead, leading to increased pressures among its citizens to migrate north into the U.S.

The giant Cantarell oil field lies deep under the water of the Gulf of Mexico. But in financial terms it stands astride the entire nation of Mexico. Since its discovery in 1976, it has been the mainstay of the country’s oil production, accounting for nearly 60 percent of total production of over 3.3 million barrels of oil per day.
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