Mexico's energy minister announced yesterday that Mexico may pump as few as 2.6 million barrels of oil a day this year, down from about 2.8 million barrels per day last year. Production at Mexico's largest producing field, Cantarell, continues to decline. Mexico's state oil company, Pemex, has not even begun to develop the oil field located in deep waters in the Gulf of Mexico that it is counting on to replace production from Cantarell.
If the current administration is doing anything to encourage production of our domestic oil and gas reserves, it has escaped my notice.
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