International records / Foreign Relations of the United States
170. Paper Prepared by the National Security Council Staff
velopment which can make a significant contribution to world oil supply and exert a restraining force on oil prices. Within a decade, Mexico will be at the forefront of the world’s oil nations, producing at a level double the projected production of Nigeria, Kuwait and Libya and probably on a par with Iran. Mexico’s announced “potential reserves”—160 billion barrels of oil plus gas equivalent to an additional 60 billion barrels—far exceed those of other nations except Saudi Arabia. These new discoveries substantially alter opportunities for Mexican development and offer the United States an im…
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