Tuesday, August 07, 2007


Mexico’s Oil and the Reliability of Media

There’s a comment here by a Daily Reckoning writer on the Presna Latina story that PEMEX will run out of oil in seven years. Yea, I have to agree that “run out” is probably over the top. It’s probably a safe bet that Mexico will no longer be an oil exporter seven years from now, but PEMEX will probably still be pumping oil.

On the other hand, the writer casts aspersions on the reliability of Presna Latina. While it is likely not the most reliable news purveyor in the world, one might try comparing it with the reliability of the mainstream US media. Does that put things in a different light?

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