Mexico oil boom on the way????

Lol no thanks. Even if they could get things going and keep them safe and regulated (LOL like that's gonna happen), they're not going to be paying anything even close to what we make in the states and they'll have ALL the cheap labor they need right where they are.

The only benefit I can see is hopefully some of the millions of people crossing into the country illegally stay right where they are to work in their own oilfields.

 

If you look at a map of the eagle ford it stops at the Rio grande like some old map with uncharted ocean s.

Of course it really continues further down into mexico

 

Safer in Iraq/Afghanistan then Mexico. At least out in the oil fields.

 

Safer in Mexico. Afghans kill americans, Mexicans kill other cartel members. My uncle was telling me about that, they are currently doing seismic test, though I don't think they will pay as much as in the states.

 

The big picture to me is that with new technology, they continue to discover new reserves. Sooner or later, there has to be an over supply. Get all you can get and SAVE is the best advice going IMO.

 

SAVE!

I like that advice. If you make $100000/yr, net after taxes $80000, live on $20000, and save $60000 every year for 10 years, what could you do in 10yrs with that money after compounded interest of 5% - 10% gain minus x% of inflation?

Without any interest, it's $600000 minus whatever the falling dollar index and inflation eat up. Invested right and you may still preserve that $600000 buying power you had when it was earned.

I think a lot of people could retire in their 30s if they played it right.

Just for kicks, $60000 with an additional $60000 added every year, compounded annually over 10 years, with 8% gross gain minus 3% inflation, or 5% NET annual gain, will give you $890141 after just 10 years!

 

Lots of Americans killed in Mexico every yr Last few yrs a lot more then any war zone. Mexican murder rate exceeds Iraq. Don't fool yourself. There are shootouts in Vallarta, Acapulco, and other previous safe tourist haunts. Any oil jobs would probably not pay like US except specialists. Lots of Mexicans in oil patch now who might head home if it were ever safe and profitable to work there.

http://www.breitbart.com/Big-Peace/2013/12/29/Mexican-government-19736

 

$100k income is going to put you over 20% tax rate unless you have some dependents or other write offs. But still great advice. Save while the getting is good and buy when everyone else panicking or being repossessed.

 

I wasn't going by the WITHHOLDING tax bracket of 28% or 35%, I was using an estimated EFFECTIVE tax rate of 20%. Your right, this will vary based on deductions for the year.

There are many in the 35% tax bracket that pay less than 10% effectively after credits and deductions.