Without a backup plan?, Too Risky!!!!

A country with only 9 years-oil reserves, without technology to explore and to extract existing hydrocarbons inside the territory, plus the state company in charge has been in red numbers for ten years, it is not a single bad dream, is a reality. This is the main issue in energy matters of México nowadays.

Scant one year of the new government of this country, the question whether or not to privatize some components in the value chain of hydrocarbons that would allow modernization or whether it should prompt research into alternative energy sources to oil, remains. But, what do other Latin American countries have done to overcome adversity?

A decade ago, the idea that Brazil (185 million inhabitants and the tenth world economy) could become a self-sufficient country in energy, it would have seemed outlandish. However, Brazil has remained open to foreign investment, while also encouraged international companies such as Exxon Mobil, Shell and Chevron to allocate billions of dollars in exploration offshore.

These efforts have resulted in the discovery in late 2007 of the largest oil discovery since the discovery of the deposit of 12,000 million barrels in 2000, in Kazakhstan. Now Tupi, the new reservoir in deep waters, contains the equivalent of between 5,000 and 8,000 million barrels of light crude, this has achieved a seat for Brazil within the global oil Cartel.

Undoubtedly there are many other facts that make a country takeoff, but what is certain is that if a country does not understand the importance of the technological issue and domestic policies to achieve this will be lagging. “Have revolutionary goals with evolutionary steps”