discoveries of oil have been disappointing.

新油田的勘探结果令人失望
I was just down in Mexico

前几天我一直在墨西哥
and the President Calderon

墨西哥总统卡尔德龙
is talking about privatizing the Mexican oil--

一直在谈论有关将墨西哥石油工业私有化
or at least part of it--oil industry

或者部分石油工业私有化的议题
because they have been disappointing in their exploration.

因为他们的石油勘探工作一直没有大的突破
They're not finding oil,

他们找不到新石油了
so the reserves that Mexico has been actually declining rapidly.

而且墨西哥的石油储备量也在迅速减少
This brings up another thing about the ownership of oil.

这又引发了关于石油的归属问题的争论
I just wanted to mention nationalization.

此处我要提到一个关键词国有化
It used to be that most of the oil in the world

以往世界范围内的大部分石油
was owned by private companies or individuals,

都归个人或私企所有