Mexican Oil Production Slows

Mexico is the third-largest supplier of oil to the United States, yet its output has been falling and it lacks the money to invest in new infrastructure, according to the Christian Science Monitor.

And while U.S. stocks are high, the price of gasoline has shot up about 9 cents nationwide, since the price of a barrel of oil on the commodities market has increased. That rise has been fueled by many things, but Mexico's flagging output hasn't been one of them. At least, not yet.

Mexican oil output is down more than 3% from a peak in 2004, and it could drop by as much as one third within a decade, according to a Mexican oil official.

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