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We cannot drill our way out of this oil crisis. Since 2000, oil companies working in the U.S. have doubled the number of wells drilled per year.

Although increased drilling has added new oil to the nation's supply, it has not done so fast enough to offset the terminal decline of existing fields.

We are going to have to import more of our oil. Period.

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Mexico Police Arrest Drunken Group Vandalizing Pemex Plant
Public Policy; Political and Legal NewsGuest writes:

(Bloomberg) -- Mexican authorities arrested at least 10 people vandalizing a Petroleos Mexicanos facility last week, the state-owned oil company said.

The men were drunk and caused minor damage to a pipeline at the El Salitre plant in the central state of Guanajuato, said Carlos Ramirez, spokesman for the company, in a telephone interview.


Ramirez denied a report by the Mexico City-based newspaper El Universal that the group was trying to sabotage the facility, which was the target of bombings by a rebel group earlier this year.

The pipeline is working normally and the arrest took place two or three nights ago, he said. The vandals, who didn't have any weapons or bombs on them, will be prosecuted, Ramirez said.

Bloomberg

Posted on Sunday, December 30 @ 19:20:15 PST by Leanan
 
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