Dismiss Notice
Join Physics Forums Today!
The friendliest, high quality science and math community on the planet! Everyone who loves science is here!

News Mexico and oil and money

  1. Jan 16, 2010 #1
    What will the government of Mexico do in ten year when the oilfields of Mexico have been largely depleted and there is no (very very little) oil money to fund the Mexican government?
     
  2. jcsd
  3. Jan 17, 2010 #2
    I'm not sure 10 years is the proper time frame but it is true that most of the government's revenue comes from oil. Mexico has a crazy law that says that only the surface of the land is yours. Any minerals below the surface belong to the government. My guess is that other than offshore, Mexico has largely been unexplored for oil or minerals.

    In addition to declining revenues from depleted oil fields, Mexico has a serious problem with skimming of government funds by politicians, kickbacks and bribes, all of which tend to drive up the cost of government.
     
  4. Jan 17, 2010 #3

    turbo

    User Avatar
    Gold Member

    Depending on where you live in the US, you might subject to the same "crazy law" where the government can sell the mineral rights to your property to mining, oil, gas companies.
     
  5. Jan 17, 2010 #4
    Mexico land has been explored to a large extent by geologists. In fact, one of the largest land surveys is underway right now, to better map the reservoirs using exploration seismology.
     
  6. Jan 17, 2010 #5
    What makes you think Mexico will have a "government" in 10 years?
     
Know someone interested in this topic? Share this thread via Reddit, Google+, Twitter, or Facebook




Similar Discussions: Mexico and oil and money
  1. Money (Replies: 9)

  2. Mexico report. (Replies: 13)

  3. Olympiad in Mexico (Replies: 1)

Loading...