icurhuman2

Mexico: Running Out of Oil and Options

Unfortunately there is little that "foreign companies with superior technology and experience" can do; an oil field that is declining rapidly cannot be made to do more than increase production in a small way by using different methods of extraction, and this merely ensures that the field will decline more quickly anyway.

World Peak-Oil production is here and there's nothing that can be done to stop the decline; the best that could be done is to reduce demand, but only at the expense of world industrial expansion. A new way of looking at economics will have to be embraced, it will be called The Economics of Permanent Decline in the Age Of The Scavenger.