"Spanfeller is a twat" (theaspiringengineer)
04/10/2020 at 12:57 • Filed to: None
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"Spanfeller is a twat" (theaspiringengineer)
04/10/2020 at 12:57 • Filed to: None | 0
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So the OPEC+ drama was pretty intense because Mexico thinks they’re special.
It’s true; our oil production has declined from around 3.8 mbpd in 2004 to 2.4 (1.7?it depends by source) mbpd in 2019. It is also true that most Mexican oil extracted (the Maya blend) is heavy, and as a result, sold for less. Pemex is also the most indebted oil company in the world.
OPEC+ requested that Mexico cut 22% of production, which is a higher percentage than many other countries (higher than any other country producing over 1mbpd)
, and I can see why we got up in arms about it. So I guess that if you were extra nice you could really see why Mexico is in a bit of a problem and we should get special treatment... But at the same time, we did this to ourselves.
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Mexicans are obsessed with the nationalization of petroleums in the late 1930s, and oil was a very important economic engine for our country. But over the decades, corruption and underinvestment plagued the company, making it today one of Mexico’s largest sources of debt, and a bit pointless. It’s kind of the one that got away... and as hard as it might sound to get over it... Well, we need to get over it.
Economic development can occur in other ways, and it is harder and requires more of the private sector but with such aggressive competitors overseas... why the hell are we trying to base our economic development on such a volatile commodity... especially if our oil is particularly worthless?
I don’t know. But we were rescued (?) by the US, who miraculously decided to take up some of our burdens. Of the 0.4mbpd cut OPEC+ requested from us, we agreed to 0.1, and the US would make up by agreeing to cut an additional 0.25. Maybe Trump asked nothing in exchange... but in the very likely case that he did. How many Central American immigrants are we going to murder on his behalf at our southern border?
Who is the Leader - 404 / Blog No Longer Available
> Spanfeller is a twat
04/10/2020 at 13:39 |
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It seems with all the stuff going on oil would be the last thing I would want to worry about. Either keep losing money until you can deal with it (not ideal) or privatize it to let it quietly fade away and pump that money into sectors of the economy where the profits stay in the country and/or benefit the citizens. There is a whole lot on Mexico’s plate right now.
For Sweden
> Spanfeller is a twat
04/10/2020 at 13:44 |
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Maybe it’s time for Mexico to invade the Middle East and take firmer control over OPEC
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Spanfeller is a twat
> For Sweden
04/10/2020 at 13:46 |
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Did you misspell Venezuela?
wafflesnfalafel
> Spanfeller is a twat
04/10/2020 at 13:48 |
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interesting! I smell a way for the trumpster to really get “Mexico to pay for the wall”!
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Spanfeller is a twat
> wafflesnfalafel
04/10/2020 at 13:52 |
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Maybe the wall is just gonna be a huge, 3000 mile long
oil storage facility because we’re all a bit nuts.
fintail
> Spanfeller is a twat
04/10/2020 at 13:55 |
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Funny, agent orange is talking about this right now during his Coronatime.
No doubt he asked for something in return, expect the Kushner crime family to have some kind of interests there soon.
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For Sweden
> Spanfeller is a twat
04/10/2020 at 14:05 |
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No invasion necessary if you recognize President Guaidó
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Spanfeller is a twat
> For Sweden
04/10/2020 at 14:09 |
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An invasion is absolutely necessary. Our strategic stockpile of Arepas is dwindling
My bird IS the word
> Spanfeller is a twat
04/10/2020 at 14:38 |
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Better to not put all your eggs in the oil basket right now anyway.
https://www.lockheedmartin.com/en-us/products/compact-fusion.html
What would be better do you think? Free energy or pulling the rug out from under environmentalists?
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Spanfeller is a twat
> My bird IS the word
04/10/2020 at 16:25 |
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Our president is a self proclaimed “history geek. ”
It all just means that when he masturbates, he pretends he’s Lazaro Cardenas. He just wants to revive a past that didn’t really exist (those oil revenues in the past went to buy fancy shit for the capital, everyone else was poor), but nothing will stop him from trying, I'm afraid.
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My bird IS the word
> Spanfeller is a twat
04/10/2020 at 16:55 |
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Yeah, no offense to M exico, but the past is not a great place for your country to be looking for advice. Playing catch-up is a hard thing to do though.
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Spanfeller is a twat
> My bird IS the word
04/10/2020 at 17:29 |
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We're used to that.