Skip to comments.Mexican Cartels Steal Billions From Oil Industry
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 ...
what is the down side to this?
I remember reading - back in the early 1980s - that PEMEX was the only oil company in the world that doesn’t make a profit.
Is it possible to install American leadership, sufficiently motivated to take down the cartels?
The first person to suggest drug legalization loses.
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