Tuesday, August 14, 2007

Peak Oil Updates

There may be a light at the end of the tunnel for PEMEX. A tax cut is in the works. Mexico is considering a flat tax, and the proposal for PEMEX is included in the bill. Now for the part I am having a problem with:Pemex, the third-largest oil supplier to the U.S., has set a goal of maintaining crude-oil production at 3.1 million barrels per day and add proven reserves equivalent to 100 percent

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