why do stocks keep sliding when there's all of these news stories about the economy recovering?
What are some new cars with various engine choices (like the Dodge Charger)?
how come the euros always try comparing sports car against dodge?
My dads and cheater and I need help. 10 points for best answer.?
which country is more better in there economy mexico or philippines?
I am writing a short story set in the future and I need to know, economically, what would happen if Mexico found a huge oil reservoir beneath the Chihauhaun desert. Would it plunge the world into another world war through fighting for power? would any other countries economy fall as Mexico rises? also, what would Mexico do with all the money they recieve? thank you!
It wouldn't cause any wars, but US ties with Mexico would improve. A lot of money would flow to Mexico and the Saudis would not be too pleased
The US oil companies would negotiate with Mexico and our oil and gas prices would drop. Cuba and Russia would be trying to get Mexico to be their best friends all of a sudden. Eventually, there would be a war. Someone else will want to control the oil. As long as the Mexican president treats his people well, we would defend Mexico. If not, we would have another Iraq situation. The Arabs would be forced to lower their prices due to competition, but this will take a few years because it takes time to build refineries. Also, if there are hurricanes, they might swamp the refineries. (Depending upon where the refineries are situated). China would probably still rely upon the OPEC nations for most of their oil. Still, the Saudis would have to lower their prices in order to sell it. If Mexico had unlimited amounts of oil, then eventually, the OPEC nations might have to end up eating and drinking the stuff because no one else will pay their high prices. And if we don't need their oil, maybe they will look at how greedy they've been over the past several years and wish they hadn't been.
Oil wealth corrupts a country's government. Mexico would be politically unstable.
Not much. Mexico is already the #2 foreign supplier of US petroleum, behind Canada. Mexican exports of oil to the US is a primary driver of their economy, and such a discovery would continue the process.
Mexico already has oil, and you know how their economy looks now. Mexico has a LONG WAY to go before it has some semblance of economic normalcy. Even IF they found a reservoir of oil beneath the deserts of Chihuahua, the political system of corruption and "screw the little people" would still persist, as it has for at least two hundred years.
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