Monday, February 13, 2006

Mexico's Biggest Oil Field Hits Hubbert Oil Peak, Europe Demands Russia Give Them Control Of Russian Oil And Gas

By Elaine Meinel Supkis
Already, danger signs from Mexico as their greatest oil field, Cantarell, signal the possiblity that it is not only past peak but in danger of a sudden drop off in production. Nearly all the oil there is sold to the USA which continues to guzzle gargantuan amounts of oil. In Europe, at the G8 meetings hosted by Russia, the Europeans and Americans demand Putin let them run Russia's oil and gas fields for ourselves. Putin smiles and and says 'Don't call me, I'll call you."