https://blogs.lotterypost.com/konane/2018/1/mexicos-drug-cartels-steal-billions-in-oil.htm konane's Blog: Mexico's Drug Cartels Steal Billions In Oil, Threaten To Collapse Nation's Refineries en-us Lottery Post RSS Generator https://blogs.lotterypost.com/konane/2018/1/mexicos-drug-cartels-steal-billions-in-oil.htm#c183028 https://blogs.lotterypost.com/konane/2018/1/mexicos-drug-cartels-steal-billions-in-oil.htm#c183028 Fri, 26 Jan 2018 07:11:11 GMT eddessaknight ORDO AB CHAO<br />     from chaos comes order<br

]]> eddessaknight https://blogs.lotterypost.com/konane/2018/1/mexicos-drug-cartels-steal-billions-in-oil.htm https://blogs.lotterypost.com/konane/2018/1/mexicos-drug-cartels-steal-billions-in-oil.htm Thu, 25 Jan 2018 16:15:07 GMT konane Yet another reason to build the wall.

Mexico's Drug Cartels Steal Billions In Oil, Threaten To Collapse Nation's Refineries

....Cartels have jumped into the fuel theft game stealing billions of dollars worth of oil from pipelines controlled by the state oil company Pemex, which at current rates could paralyze the country s top refineries.

Organized crime gangs are taking advantage of Mexico s deteriorating oil infrastructure that is suffering from years of underinvestment and declining production by tapping into pipelines to steal tremendous amounts of crude products. If that fails, cartel members resort to bribing and or threatening Pemex employees for critical information about operations. Some Pemex employees have fled the country following unbearable death threats, while others have been found mutilated for not complying.

While President Enrique Pe a Nieto has been unable to govern the country amid the out of control cartel violence, fuel theft is turning into a national security threat draining revenue from the federal government. Reuters reports that fuel thefts have cut more than $1 billion in annual revenue from state coffers, along with creating an unfriendly environment that is deterring foreign investment to revamp the aging refineries. Its been reported that the federal government generates about one-fifth of its income from Pemex. Serious issues are emerging as the declining oil revenue could lead to funding concerns for the government, therefore jeopardizing the fight against cartels. ....

https://www.zerohedge.com/news/2018-01-24/mexicos-drug-cartels-steal-billions-oil-threaten-collapse-nations-refineries

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