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Judi Lynn

(160,219 posts)
Fri Jul 18, 2014, 04:32 PM Jul 2014

Mexico puts Gulf deep water oil treaty with U.S. into effect

Source: Reuters

Mexico puts Gulf deep water oil treaty with U.S. into effect
MEXICO CITY Fri Jul 18, 2014 7:26pm BST


(Reuters) - Mexico on Friday put into effect an agreement signed in 2012 with the United States to allow companies to exploit deep water oil resources in the Gulf of Mexico that straddle the countries' maritime boundaries.

The deal, published in the government's gazette, lifts a moratorium on oil and gas exploration and production along the countries' maritime border in the Gulf and sets up a framework for companies to jointly develop any trans-boundary reservoirs.

State-run energy company Pemex has lagged far behind the United States in developing deep water oil reserves, but an opening of the oil and gas industries to private investment is expected to spur more projects in the Mexican side of the Gulf.

Mexico's Congress is voting this week and next on a series of bills needed to implement the energy reform, which is the centerpiece of President Enrique Pena Nieto's economic reform agenda.

Read more: http://uk.reuters.com/article/2014/07/18/us-mexico-usa-oil-idUKKBN0FN29R20140718?rpc=401&feedType=RSS&feedName=innovationNews&rpc=401



(Short article, no more at link.)
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Mexico puts Gulf deep water oil treaty with U.S. into effect (Original Post) Judi Lynn Jul 2014 OP
Didn't even know we had signed such an agreement. zeemike Jul 2014 #1
Now they can screw up the other half, or the currents will take it over here. Dustlawyer Jul 2014 #2
And Obama is opening the Eastern US seaboard to oil exploration blkmusclmachine Jul 2014 #3
K & R MoreGOPoop Jul 2014 #4

zeemike

(18,998 posts)
1. Didn't even know we had signed such an agreement.
Fri Jul 18, 2014, 05:10 PM
Jul 2014

But then such things are never talked about much...it is something we don't need to know I guess...who cares if the Gulf is turned into a cesspool.

Dustlawyer

(10,493 posts)
2. Now they can screw up the other half, or the currents will take it over here.
Fri Jul 18, 2014, 05:26 PM
Jul 2014

Now instead of shrimp without eyes, they will have 2 heads!

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