The first press briefing of the new Pemex director general was held on Feb. 7, 2007, and was of the nature of an exercise in damage control in response to the WSJ article on Cantarell decline published on Jan. 27. Thirteen months later, the director general was again called to face the press in the mode of damage control, this time in relation to the controversy surrounding its March 4, 2008, video campaign. Our update to this report analyzes and critiques the radio interview on Grupo Imagen held with the director general on March 6. Our original report of February 13, 2007, discusses the meeting and its ramifications. The outline of the report may be viewed and printed. Topics mentioned by the director general include these: Cantarell decline, Constitutional issues, Central American refinery, Venezuela, Energy reform, Francisco Labastida, Fiscal reform, Upstream outlook: KMZ, Chicontepec, Contracting models, strategic alliances The report includes links to related documentation, also a list of press titles related to the press briefing and the decline of Cantarell.

This report examines the hypothesis that the moment of Peak oil in Mexico has already happened. The report inquires into the meaning of the great reversal in upstream outlook that took place in the Fox administration of 2000-06. In this report we focus on Cantarell and present oil production statistics and several decline projections to 2012 and 2020. We ask: Are there alternatives to a decline in oil production in Mexico? What is necessary? Or was 2004 Peak Oil? Update 1 includes reference to the Peak Oil conference held in Houston Oct. 18-20, 2007. The report includes 2 tables and 14 figures of our own plus 6 exhibits from Pemex public presentations. We include the regression equations and correlation coefficients in the charts.