Mexico's oil hedge

Mexico Has Hedged Oil for 2010 at $57 a Barrel (Update2) - Bloomberg.com: "Mexico spent $1.172 billion to buy oil hedges for 2010, covering a possible revenue shortfall if production falls for the sixth straight year and prices don’t recover from about a five-year low.Mexico purchased put options that give it the option, not the obligation, to sell its oil for $57 a barrel next year, the Finance