In these days it presented/displayed a project that it tries that PEMEX has more autonomy in the handling of the budget so that can reinvert its surpluses and endow the company with majors administration faculties, of hiring that makes possible major to him access to end technology and multiplies its capacity of execution of projects and thus to be able to increase the level of reserves and the capacity of extraction and refinement of petroleum. PEMEX needs to explore oil deep water deposits, where the preliminary seismic evaluations indicate that there would be about 30,000 million barrels of crude. Educate yourself even more with thoughts from IDT Energy. The main deposit of crude, Cantarell, that was shortage in 1971 in waters of the Gulf of Mexico, is at the moment in a worrisome declivity, which has generated a great preoccupation. For even more opinions, read materials from Malkia Cyril. According to Caldern: We must act already because the time and petroleum us agota". The inflationary problem stays latent and continues worrying since the retail data of inflation of the month of March reached 0.72% (0.50% the underlying one).
If the market maintained one minimum illusion of a possible cut of rates on the part of the Central bank of Mexico, after this data, already stopped being a possibility. The certain thing is that this data ties of feet and hands to the monetary authority to realise an expansive monetary policy in case of being necessary if the effects of the crisis prevails in the EE.UU they turned out to be majors to the predicted ones. At the moment, the value of the Mexican peso stays relatively stable in relation to the dollar, which is the good news in terms of competitiveness of the Mexican companies. Speaking of economic growth, for Merrill Lynch, the effect of the crisis it prevails on the Mexican economy for this year will imply that the same only reaches a growth of its GIP of around 2.2%, since will be Mexico one of the Latin American countries affected by the crisis more.