 | Telework Pros and Cons: 28 Reasons To "Telework"--With Data To Back Them Up | The Oil Drum | POLL: CLU08 went through $127/bbl today..so, in the next 60 days, the front month price of CL will... |  |
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Was this posted yesterday?
http://www.bloomberg.com/apps/news?pid=20601087&sid=aLLrhZOGOD_M&refer=h...
July 21 (Bloomberg) -- Petroleos Mexicanos, the state-owned energy company, said oil output fell 11 percent in June from a year earlier as new wells failed to keep pace with a four-year decline in the aging Cantarell field, the nation's largest.
Production dropped to 2.839 million barrels a day in June from 3.206 million a year earlier, the Mexico City-based company, known as Pemex, said today on its Web site. ....
Mexico's Congress wraps up 71 days of debate on Calderon's oil-reform bill tomorrow."
Holy oil Batman! 71 days of debate!
This very important news should be kept in mind when reading the third paragraph of the "Congress Pursues $80 Oil With Trading Limits, Disclosure Rules" item above.
Si, Señor Reyes Heroles. It must be so frustrating to see speculators driving the price up even as your company is flooding the market with oil.