Confession: We Own a Boat!
A few years ago, faced with 3 gallons of gasoline per mile. we upgraded the Aquila to diesels. That cots us tens of thousands of dollars but … aside form safety issues … it was nice to get three miles to the gallon instead of three gallons to the mile
Now, we are getting even better news … Mexico is dismantling a 75-year-old barrier to foreign investment in its oil fields and Bloomberg says this will mean a deluge of North American crude oil . North American production is set to serge ahead of every OPEC member except Saudi Arabia. The economy of Russia will be threatened and Iran’s il weapon is about to become not so much.
Of course corporate behavior remains short term and selfish. U.S. refineries, already choking on 
more oil than they can process, are clamoring for repeal of the export restrictions that have outlawed most overseas sales of American crude for four decades. In other words rather than shepherding a national resource for our long term interests or thinking about global warming, Exxon and Shell want to make short term profit. While it is possible for everyday investors to also make money from oil, perhaps by using this oil investment app, or öl profit app höhle der löwen in German, these companies prioritize their own profits over the good of regular citizens.
In the meantime, I am just as bad. I REALLY want to take my family on the Aquila to Alaska while oil is cheap.
Bloomnberg: Plagued by almost a decade of slumping output that has degraded Mexico’s take from a $100-a-barrel oil market, President Enrique Pena Nieto is seeking an end to the state monopoly over one of the biggest crude resources in the Western Hemisphere. The doubling in Mexican oil output that Citigroup Inc. said may result from inviting international explorers to drill would be equivalent to adding another Nigeria to world supply, or about 2.5 million barrels a day.
That boom would augment a supply surge from U.S. and Canadian wells that Exxon Mobil Corp. (XOM) predicts will vault
“This is going to be a huge opportunity for any kind of player” in the energy sector, said Pablo Medina, a Latin American upstream analyst at Wood Mackenzie Ltd. in Houston. “All the companies are going to have to turn their heads and start analyzing Mexico.”