By Charles Langley, Manager, UCAN Gas Project - Mexico, which currently exports oil, is expected to be importing oil by 2012. Oil is the lifeblood of Mexico's economy, representing 30 to 40% of the Mexican government's income. On Monday, March 8, the Los Angeles Times published an excellent article covering the imminent demise of Mexico's socialized oil industry. It is also a good example of the fate that awaits nations that refuse to deal with the American oil industry which has the technology to literally extract oil from stones.