Article

2011-06-18 Caribbean-Latin America

PEMEX Director Says Sophisticated Drug Cartel Oil Thefts Worth $250M

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Posted by Anonymoose 2011-06-18 00:00|| || Front Page|| [2 views ] Top

#1 Thats for a follow-up. Same kind of thing is going on with Nigeria.

Posted by newc 2011-06-18 01:27|| 2011-06-18 01:27|| Front Page Top

#2 This is very, very bad, because what amounts to a billion dollars a year going to a drug cartel will build a real army, and a real civil war.

Posted by Anonymoose 2011-06-18 08:51|| 2011-06-18 08:51|| Front Page Top

#3 PEMEX has filed lawsuits in May against nine U.S. companies for alleged involvement in buying or processing black market crude or refined Mexican oil.

Ah. It's all our fault! $250 million loss? Seems like you could buy one heck of a lot of pipeline security for a fraction of that. And I suspect the "cartels" almost certainly include an army of local officials getting their cut, and deflecting suspicion by "finding" old taps after the new ones are installed.

/Cynical.

Posted by PBMcL 2011-06-18 14:45|| 2011-06-18 14:45|| Front Page Top

#4 That's a hell of a lot of tanker trucks pulling into your friendly neighborhood filthy refinery. Wonder what kinda discount that have to deal with.

Posted by Zombie Hillary Lover 2011-06-18 17:32|| 2011-06-18 17:32|| Front Page Top

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