It’s tough enough getting shale gas out of the ground, having bullets whiz past your head is making it almost impossible in Northern Mexico. Drug traffickers and thieves engage in running battles with soldiers along the countries Texas border. One of the more recent incidents saw about three dozen workers with Weatherford International (WFT) looking for cover when gunfire broke out between rival cartels in Tamaulipas state.
For the first time in almost 80 years, the Mexican government is looking at making regulation changes to permit foreign companies to drill. A vote on the issue could happen in July. But unless security issues are resolved it may be a while before companies are ready to take the risk.
[Source: Edmonton Journal/Canada.com]