Americans are under the impression that Mexico is an extremely poor country. It is not. It is the world’s 5th largest oil producer, and the US economy’s 2nd largest foreign supplier of oil. Canada is #1, while Saudi Arabia comes in at #3. It’s per capita income is significantly higher than that of Chile, Argentina, Brazil, Turkey, and Argentina. China is considered an economic super power, yet Mexico has 4 times the per capita income of that country. Mexico even has the world’s 2nd largest oil field. There is only one problem though. Mexico’s oil reserves are running out.
Yes, it is predicted that Mexico may only have about 10 more years before its 2 major oil fields go dry. What then? It is a country of over 100,000,000 people, and its government gets over half of what it spends from its oil revenues. As a result, the national oil company, PEMEX, is billions upon billions in dept, even as it funds the nation. Mexico wants to join up with US prosperity, even as the US itself is running into problems finding new sources of cheap oil to float its own economy. And Mexico is in much worse shape in that regard.
In this desperate world of energy depletion we are now entering into, it’s all for one’s self, so up goes The Wall. A decade ago, the promises were made that all would enter into a new world of prosperity through NAFTA. Free flow of everything! But how quickly dreams built on mirages can fall. We are now in a war to steal the energy resources away from the people of Iraq and Iran, and there is not about to be any US elite misgivings, if they have to screw over the Mexicans in a few short years ahead. A brave new world awaits us.
A small note… wikipedia states that with current rates of consumption, the world’s oil reserves will run out in 32 years. Be sure to check your tire pressures .
Also of interest… Mexicans stage tortilla protest
