Mexico’s state oil company, Pemex, is a perfect example of the ongoing collapse in the global oil industry. Falling oil prices and declining production are putting severe pressure on the company’s financial balance sheet. It has been four long years since Pemex posted a small profit. However, since 2012, Pemex…
In a surprising update, the world largest silver producer actually experienced a decline in silver mine supply over the past two years. This is quite remarkable as several analysts and official sources reported or perceived that Mexico continued to shown an increase in silver production. I wrote about this in…
Mexico is the largest silver producer in the world. The only two countries that come remotely close to Mexico’s number one ranking are Peru and China. However, these countries trail Mexico by more than 50 million ounces. According to the INEGI, Mexico produced a record 186 million ounces (Moz) of…
The largest silver producing country in the world saw its oil production decline to the lowest level since 1995. Mexico who produced 162 million ounces of silver in 2012 is slated to increase this substantially by the end of the decade… that is, if they have the available energy to…
The largest silver producing country in the world has seen its production decline substantially in the first five months of the year. Mexico was forecasted to increase its silver production this year, however if present trends continue, total output could fall nearly 10% in 2013. If we take a look…
While the United States is now the world’s largest petroleum producer, the important high-quality conventional oil supply is at a 50-year low. There Lies the Rub, but the market doesn’t realize it because $23 trillion of additional U.S. Treasury issuance since the 2008 GFC propped up the U.S. Shale Oil…