Re: VLADIMIR PUTIN: Am I a ‘pure democrat’. -Must Read
The standard of living is already rising in Russia.
And it seems to me that the USA is on the same populist path with a slightly different propaganda.
As for Mexico: if they let in the oil majors in a big way, they will just deplete the oil much sooner. Look at what happened to the North Sea and US oil production. The oil majors are there, but production is still falling. The US was among the first countries to peak in oil production. If the Mexican leaders have any brains, they leave the oil in the ground for now, it will be worth MUCH more in a decade or so.
Originally posted by GRG55
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And it seems to me that the USA is on the same populist path with a slightly different propaganda.
As for Mexico: if they let in the oil majors in a big way, they will just deplete the oil much sooner. Look at what happened to the North Sea and US oil production. The oil majors are there, but production is still falling. The US was among the first countries to peak in oil production. If the Mexican leaders have any brains, they leave the oil in the ground for now, it will be worth MUCH more in a decade or so.
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