Mexico’s oil plans

Mexican President Felipe Calderon has called on the country's Congress to approve an energy reform bill to overhaul state oil giant Pemex.

Mr. Calderon said the plan would give Pemex more freedom to manage its budget and contract out work, so boosting both oil production and exploration. Mexico's known oil reserves are running out and production has been falling.

Mr. Calderon stressed the bill would not privatize Pemex, a national symbol that has been in state hands since 1938. "To strengthen Pemex is to strengthen Mexico," President Calderon said. "We must act now, because time and oil is running out." Oil revenues constitute some 40% of federal income, but production has been falling.

So for a country that has oil and thinking to expand plans why there are so many poor? Perhaps before they start making oil plans they should do something with corruption plans!

Mexico’s water supplies

Mexico is to make a major investment in water projects to try to guarantee that at least 95% of the population has access to clean drinking water by 2012. President Felipe Calderon said the government would invest $21bn (£10.6bn) to expand supply networks and to improve drainage and water treatment.

The aim was to work for the sustainable development of Mexico, he said. A key challenge is Mexico City, home to 20 million people, which suffers both water shortages and flash floods.

"There is an imbalance between the availability of water, population growth and economic development," said President Calderon as he unveiled the investment program during a visit to the state of Hidalgo. Mexico's population, currently some 106 million, had quadrupled in the last 55 years, he said, with people tending to concentrate in urban areas where provision of drinking water was more expensive.

Mexico needs too many thing to escape the misery but water is a good beginning as long it starts!