At least for the moment - Congress would like to take away that money, so we can't do any more drilling.
Pemex doesn't have the resources to search for new deep-water fields in the Gulf of Mexico, Shields says. And without a change in the law, Pemex can't make partnerships with international oil companies that have experience in doing such deep-water drilling.
Mexican oil production peaked at 3.4 million barrels a day three years ago . . .