Home Outside Asylum

Take a walk, smell the roses. Any topic is fine, save people bashing.

Keep your eye on Mexico

Cantarell is one of the world's Big Four fields. PEMEX has recently admitted it has entered serious decline, and one of their officials has even quoted a 40% per year decline rate. This has been confirmed by Mexican industry insiders. Since the field produces 2 Mbpd (which makes up all of their exports to the USA, and 15% of total US imports) this is serious bidness.

Worse, Cantarell represents 60% of Mexico's total oil production, and their oil exports generate 40% of all their federal funding. A crash of 1.5 MBPD over two years is a nightmare scenario for Mexico. They are headed for hard times within two years.

Fortunately, the US can turn to ethanol. 20% of this year's corn crop is being bought up by subsidized ethanol manufactureres. By coincidence, that's the exact proportion of the US corn crop that's normally exported, much of it to Mexico.

So the Mexican economy implodes and corn sales from the USA dry up. No jobs, no food. What direction to the resulting migrants travel? And when they arrive, there just happen to be $385M worth of KBR detention camps waiting for them.

You can pontificate about supply and demand all you like, but it's with situations like this that the crisis will actually unfold, bit by bit.

From the linked news story:

The contract, which is effective immediately, provides for establishing temporary detention and processing capabilities to expand existing ICE Detention and Removal Operations Program facilities in the event of an emergency influx of immigrants into the U.S., or to support the rapid development of new programs, KBR said. The contract may also provide migrant detention support to other government organizations in the event of an immigration emergency, as well as the development of a plan to react to a national emergency, such as a natural disaster, the company said.




This post is made possible by the generous support of people like you and our sponsors:
  Kimber Kable  


Follow Ups Full Thread
Follow Ups

FAQ

Post a Message!

Forgot Password?
Moniker (Username):
Password (Optional):
  Remember my Moniker & Password  (What's this?)    Eat Me
E-Mail (Optional):
Subject:
Message:   (Posts are subject to Content Rules)
Optional Link URL:
Optional Link Title:
Optional Image URL:
Upload Image:
E-mail Replies:  Automagically notify you when someone responds.