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Petroleum and Mexico

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Sreenija Pappur

on 13 June 2013

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Transcript of Petroleum and Mexico

Mexico and Petroleum
By: Sreenija
About Mexico
Mexico is a country located in the region of North America.
This country's official name in Spanish is Estados Únidos Mexicanos (United Mexican States).
Mexico's flag consists of three verticle stripes. The green portion of the flag represents hope, the white portion represents purity and the red portion represents the blood of the Mexican people.The middle of the flag shows a picture of an eagle eating a snake. This is based on an old Aztec legend.
The national language of Mexico is Spanish.
Mexico is considered to be the 14 largest country in the world according to its total area.
In 2010, the estimated population of Mexico was 112.3 million people.
The capitol of Mexico is Mexico City.
Majority of the population in Mexico is Catholic.
Mexico is a federal constitutional republic.
The Petroleum Industry in Mexico
-Mexico's Net Oil Exports were at 1.8 million barrels per day.
-U.S. Imports that year were at 1.66 million barrels per day.
- Mexico's reliance on the U.S. market was 92%.

-Mexico's Petroleum Industry is the sixth largest in the world and the tenth largest in terms of net export

Statistics (recorded in 2012)
It's the second largest in the Western Hemisphere. Mexico is not a part of OPEC or any other petroleum production related organizations. In recent years, it's been said that oil revenues generate over 10% of Mexico's export earnings.

Mexico & It's Natural Resources
Mexico's natural resources include **petroleum, silver, copper, gold, lead, zinc, natural gas and timber.
Oil is Mexico's main export.
Mexico's Economy
Currency: Mexican Peso
1 Mexican Peso=0.08 Canadian Dollar
Mexico has been ranked the 50th freest country in the world (according to the 2013 index)
Unemployment rate as of 2013: 5.3%
Mexico's economy has been ranked 13th largest in the world as of 2012
It's also been ranked to be the second largest in Latin America
Mexico is USA's third-largest trading partner but for Mexico, USA is the first largest (This accounts for the exports of the natural resources).
Gulf of Mexico Oil Spill~2010
On April,20,2010, there was an oil spill at the Gulf of Mexico. The Department of the Interior estimated that about 35,000 to 60,000 barrels, in other words 1,470,000 to 2,520,000 gallons of petroleum spilled into the Gulf of Mexico daily for 86 days. Tens of thousands of barrels of petroleum were leaking into the gulf. The petroleum went as deep as 1,600 meters below sea level. The leakage was fixed on July,15,2010. During the explosion 11 workers had died, 94 crew members were rescued, and out of these 94, 17 had been harshly injured.

Many people live along the coast near the Gulf of Mexico. These people rely on fishing to feed themselves. For them to fish, the depend on clean waters to fish at. In 2008, nearly 1.3 billion pounds of finfish and shell fish were harvested in the Gulf of Mexico. The Gulf of Mexico produces almost 75% of US shrimp supply. Though the Gulf region accounts for only 20% out of the 75%. The US imports more than 80% of its seafood consumption, the Gulf makes only about 3% of this 80%. Because of the oil spill, the Gulf region won't even be able to get the 3% that they should be getting, and they wouldn't have clean water to fish for food. An estimated yearly economic impact of seafood production is going up to $2.4 billion.

So basically, people living along the coast of Gulf will not be making much of a profit and they won't be able to fish ther food needs. Also, the US will not be able to import seafood and won't earn much money.
Most of the petroleum in Mexico comes from the Gulf in the states of in the states of Veracruz, Tabasco, Campeche, and Chiapas.
Cetaceans (dolphins and whales):
Whenever whales or dolphins come up to the surface to breathe, oily water could cover up their blowholes, and then enter their lungs, making it more difficult for them to breathe. The oily water could also get into the animals eyes damaging their vision. If the oily water enters their mouths, and the animals accidently swallow it, the water could cause damage to internal organs this may lead to death.
Many different marine animals live in the Gulf of Mexico. Some of which include sea turtles, fish, crabs, and jellyfish.
When birds dive into the oily water they will get covered in petroleum. The birds might also swallow the oil when they are catching their prey causing damage to many internal organs. If birds are covered in oil, it will make it difficult for them to fly, or it might prevent them from flying at all, this might make catching it's prey or escaping from predators nearly impossible. Some birds eggs are getting covered in oil, and many brids are deserting their eggs in their oily habitat because they face a threat from this oil spill.
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