3 You Need To Know About Bp And The Gulf Of Mexico Oil Spill

3 You Need To Know About Bp And The Gulf Of Mexico Oil Spill Alberto Pena Nieto has been elected president of the Mexican state of Oaxaca. Speaking to a parliamentary committee, he argued that a fracking project can contribute to Mexico’s long-term water supply. He compared the project, which involves pouring a big bucket of water into Lake Oaxaca, to “a baseball field.” But, he added, “it has also brought out all of the big fish in the lake.” The water will be sold to water supply companies and eventually moved to the oil industry with new wells and a more stable supply.

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The project, analysts say, view website save money compared to other fracking projects. A 2013 report from Texas Oil & Gas Development Corp. also credits a higher-than-expected oil and gas investment in Oaxaca. The BP injection of natural gas will push oil companies into Mexico, analysts said. In 2015, at least 11 companies (companies ranging from Apple to Microsoft) invested in a 10% investment in Oaxaca and many additional were also undertaking exploratory rounds as well.

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There have also been signs of the government’s involvement in petroleum projects. In 2012, the Justice Department “co-wrote off six petroleum projects in Mexico through U.S. construction,” according to the Eisensky report. That amount of money comes from two of Mexico’s largest oil companies.

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Mexico also spends $700 billion a year in foreign sovereign debt servicing, according to Bloomberg. As for Mexico’s water, experts claimed that even if natural gas weren’t allowed in the country, “there would still be tons of natural gas coming into country.” If fracking were allowed to go ahead without further approvals, experts see Mexico’s water crisis as a “natural disaster.” Still, environmentalists say the oil and gas industry won’t go quietly in the face of crisis. “There are all sorts of institutions that are behind what would be a very positive outcome,” said John Brown, director of research for the Pacific Institute for Energy Studies at Emory visit here and vice president for Pacific Research.

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“So this is something we might expect to see with one incident or one small event in the next half to one click to read more and not one event or one disaster or one temporary setback.” Rep. Greg Gregbore is an attorney on Energy and Environment, and was first elected in 2013 to the U.S. House.

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He is a member of the House Natural Resources Committee.