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Mexican Cartels Steal Billions From Oil Industry
Associated Press ^ | September 25, 2014 | Mark Stevenson

Posted on 09/29/2014 7:37:22 PM PDT by Rabin

CIUDAD MIER, Mexico (AP) — Mexico adjusted 75 years of crony-corruption to reform its state-owned oil industry. As it prepares to develop rich Gulf Coast shale fields just south of Brownsville, and attract foreign investors. Brutal "drug" cartels rule Tamaulipas and are stealing billions of dollars' worth of oil from pipelines.

Figures released by Petroleos Mexicanos last week show the gangs are have drilled 2,481 taps into the pipelines. Pemex estimates it's lost some 7.5 million barrels worth $1.15 billion.

Pemex director Emilio Lozoya (a friend of Eric), called the trend "worrisome."

(Excerpt) Read more at rigzone.com ...


TOPICS: Business/Economy
KEYWORDS: cartel; energy; lamordida; mexico; oil; pemex; pipeline
If David had but organized a serge into Mexico, rather than a land far away. Free flow of citizens, between Canada, US, & Mexico would remain as it always had been. Free.

R.

1 posted on 09/29/2014 7:37:22 PM PDT by Rabin
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To: Rabin

what is the down side to this?


2 posted on 09/29/2014 8:34:20 PM PDT by RockyTx
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To: Rabin

I remember reading - back in the early 1980s - that PEMEX was the only oil company in the world that doesn’t make a profit.


3 posted on 09/29/2014 8:39:01 PM PDT by Steely Tom (Thank you for self-censoring.)
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To: Rabin

Is it possible to install American leadership, sufficiently motivated to take down the cartels?

The first person to suggest drug legalization loses.


4 posted on 09/29/2014 8:52:44 PM PDT by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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