Mexico eyes shale gas boost for petrochemical sector

[phantom power]

(Reuters) - Mexico is considering ramping up shale gas production to support its petrochemicals sector which has traditionally used feedstocks based on crude oil, the country's energy minister said on Tuesday.

Although the prolific shales of Texas are believed to extend across the border into northern Mexico, little has been done to develop the deposits due to the state-controlled industry's focus on producing crude oil.

http://uk.reuters.com/article/2011/04/26/mexico-shalegas-idUKN2627910320110426?rpc=401&feedType=RSS&feedName=governmentFilingsNews

[DCKit]

1. Yeah, 'cause if anyone has the water to waste in develop fracking wells...

or so much groundwater that they can afford to allow entire aquifers to be polluted, Mexico would be at the top of the list.
:sarcasm: