Word: meckel
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Dates: during 1980-1980
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LATIN AMERICA. "In terms of undiscovered oil, Mexico is now where the U.S. was in the 1930s and '40s," says Houston Geologist Larry Meckel. "It could end up being the second or third largest producer in the world." But as with the OPEC nations, the country is husbanding its resources by holding back production. Farther down in South America, efforts are now being concentrated offshore, with Exxon and Shell preparing to drill around Tierra Del Fuego, where Charles Darwin once sailed on the H.M.S. Beagle, and the Falkland Islands. A promising area offshore of the heavy oil deposits...