Another update to two previous posts on Mexican Oil production, Revisit South of the Border and South of the Border. This is the latest out of Pemex, Mexico's Pemex says yr-end oil output to miss goal.For those in the "glass half-full school" chew on this:
"Mexico is the world's No. 6 producer and No. 10 exporter of crude oil, according to the U.S. Energy Information Administration, but declining crude output and exports are threatening the country's position as a top U.S. supplier."
I know CNBC's Larry Kudlow and many others would simply say, "drill,drill,drill ", but seriously is there any plan to make replace that supply--and please Senator Schumer, tapping the Strategic Reserve is not a plan right now.