Wednesday, June 25, 2008

Mexico, an Oil Producer, Hasn’t Benefited From Soaring Price

MEXICO CITY — Mexico is the world’s sixth-largest oil producer, and the steady climb in the price of oil has reached record highs. The soaring prices should have generated $3 billion above budget estimates for the state oil monopoly, Pemex. But now the government says that windfall just is not there.

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