Mexico is our third or fourth largest supplier of oil - depending upon how much we've imported from there or Venezuela in any given month. Mexico is running out of oil. According to oilman-turned-alternative-energy-oracle, T. Boone Pickens, within five years Mexico will be a net importer of oil.
Just as the U.S. was the first to dive into this recession, it is likely we will be the first country to emerge. When that happens - to go back to our thermodynamics metaphor - there will be a rush of humanity attempting to move to the United States to find work.
That means that at the same time Mexico's economy will be moving toward utter and total collapse, the economy of the United States of America will likely be once again booming.
Now, while the flow of people across our borders has diminished, is the time for President Obama to find a rational answer to illegal immigration.
At the Summit of the Americas, President Obama promised that our dealings with our neighbors to the south would be as "equal partners."
That will not be true. Words will not change the laws of physics any more than commands and incantations of King Canute could hold back the ocean's tides.
People will move from poverty to prosperity. It is a law of econ-dynamics. |