Green, soggy and buzzing with flies, the state of Tabasco at the southeastern tip of Mexico has had some modest local fame as an oil region for decades. Now it has suddenly become the center of the most exciting mystery story in world petroleum. By drilling deeper than ever before—as far as three miles into the geological subbasement—Mexican engineers have found a much bigger reservoir of oil than anyone had suspected was there, a subterranean lake of petroleum three or four miles wide and perhaps up to 30 miles long.
Though the first...
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