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Reuters: Mexico may be sitting on a vast untapped reserve of shale oil just south of the Rio Grande, but state monopoly Pemex is showing little urgency to exploit their share of the bounty.
While U.S. energy companies are racing to drill more wells in the oil-rich Eagle Ford shale play that geologists say extends well south of the border, Mexican energy officials and Pemex executives appear unrushed.
Mexico has the world's fourth-largest reserve of shale gas, according to the U.S. Energy Information......
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Analysis: Mexico in no rush to exploit shale oil bonanza
Posted by Washington Post: Juliet Eilperin on February 27th, 2012
Posted in Water Conservation