Many Mexicans see oil as last frontier against US invasion

Even with oil prices at record highs, Mexico's state-run oil company is managing to lose money. But a presidential plan to fix Petroleos Mexicanos by inviting foreign help is stirring deep-seated emotions over sovereignty — and causing a paralysis that could doom America's third-largest oil supplier.

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Mexico Gov't: Pemex Needs Outside Help

Mexico's state-owned oil company must work with outside firms to boost sagging production and gain access to better equipment, the federal Energy Department and Petroleos Mexicanos said in a report issued Sunday.

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Pemex: Oil Leak Might Take Months to Fix

An oil platform leak that has spilled thousands of barrels of crude into the Gulf of Mexico could take several months to repair, state oil monopoly Petroleos Mexicanos said.

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MEXICO CITY (Dow Jones Newswires), March 13, 2009 Mexico's state oil company has an overly optimistic outlook for the giant Cantarell oil field this year, the Paris-based International Energy Agency said on Friday.

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In the wake of a coordinated series of oil pipeline bombings on September 10, Mexican President Felipe Calderon ordered the deployment of tens of thousands of army troops throughout the country.

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Mexico, Jul 27 (Prensa Latina) Petroleos Mexicanos (PEMEX) announced that oil reserves may run out in seven years. "Supplies of this economically exploitable resource are running out," informed a report sent by the state owned company to the United States stock market.

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