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Title : The Road To Mexico -- February 28, 2018
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The Road To Mexico -- February 28, 2018

Two big stories coming out of Mexico:

• Mexico will elect a leftist for president this summer -- think Bernie Sanders on steroids
• Mexico's annual oil output falls below two million bopd

From PennEnergy:

• Mexico's annual crude oil and gas output has fallen below 2 million barrels per day for the first time since comparable records were kept starting in 1990
• state-owned oil company Petroleos Mexicanos reports on its website that average daily output in 2017 was about 52,000 barrels short of the 2 million mark
• production has fallen steadily for the past decade; after peaking at almost 3.4 million barrels per day between 2003 and 2005
• the drop is largely due to the company's inability to find new reserves to replace aging, shallow water fields

Finally, "peak oil" proponents might have a poster child for peak oil.

I can't imagine a leftist president making things better. But I could be wrong. It wouldn't be the first time I've been wrong.

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