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westexas -- isn't a 20% decline in Mexico about what most of us have expected lately? I don't recall, but that is about what I thought they'd see.
Is this directly alluded to in the MSM?
At least there is some reference to this, but it is still clouded with numbers with no context and murky allusions to "oil nationalism" and the like as our only problem.
When all one has is the world's largest military, every problem looks like a war, I guess.
No real surprises, but IMO the key difference between Pemex and Saudi Aramco is that Pemex has admitted that its best production is watering out. As I said last year, IMO Cantarell and Ghawar are two warning beacons heralding the onset of Peak Oil.
BTW, I think that David Shields has projected a sharper production decline rate, making it likely that Mexico will approach zero net exports not too long after 2010.