Mexico: Eldorado or fool's gold

Journal Article · Thu Dec 14 04:00:00 EST 1978 · Energy Dly.; (United States)

OSTI ID:6021172

Myers, R

Mr. Myers points to a study by Bruce Netschert, NERA's vice president in Washington, DC, who examined developments in Mexico from 1972 to the present - in which time the estimates of Mexico's resource base in oil have been revised from 8 billion to 200 billion barrels. In Netschert's view, the US should take advantage of its good fortune in being located between Canada and Mexico. Rather than rebuffing Mexico's initial attempt to sell gas to US pipelines, as it did a year ago, the Carter Administration would do better to offer generous financing, to encourage arrangements for technical assistance in the offshore, where Mexico lacks experience; and in the larger sphere, to make a vigorous attempt to soften all points of differences between the two countries, and to help solve Mexico's economic problems. In further discussion, Mr. Myers reviews the many reports published on the magnitude of Mexico's oil and gas resources. Specifically, Richard Nehring's study suggests that outside of the Middle East, the only likely source of supergiant fields (5 billion barrels or more) is the Reforma area in Mexico. President Jose Lopez Portillo in his September 1, 1978 State of the Union address, put proved reserves at 20.24 billion barrels, probable reserves at 37 billion, and potential resources at 200 billion barrels. (MCW)

• OSTI ID: 6021172
• Journal Information: Energy Dly.; (United States), Journal Name: Energy Dly.; (United States) Vol. 6:239; ISSN ENDAD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020100 -- Petroleum-- Reserves-- (-1989)
03 NATURAL GAS
030100 -- Natural Gas-- Reserves-- (-1989)
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
CANADA
DATA
DATA COMPILATION
DATA FORMS
ENERGY POLICY
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GLOBAL ASPECTS
GOVERNMENT POLICIES
INFORMATION
LATIN AMERICA
MEXICO
NATIONAL ENERGY PLAN
NATURAL GAS
NORTH AMERICA
NUMERICAL DATA
PETROLEUM
PRODUCTION
RESERVES
RESOURCE POTENTIAL
RESOURCES
TABLES
TECHNOLOGY TRANSFER
USA