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| Caribbean-Latin America |
| PEMEX Director Says Sophisticated Drug Cartel Oil Thefts Worth $250M |
| 2011-06-18 |
| Amounting to 1 million barrels in the first four months of 2011 alone, the equivalent of 100 tanker trucks per day. The cartels have been tapping into PEMEX pipelines, using multiple taps in case one is detected, and have even been restoring pipeline pressure with water to avoid detection. Despite the high risk, authorities are still finding hundreds of taps each year. 556 have been discovered so far this year. 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. |
| Posted by:Anonymoose |
| #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 |
| #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 |
| #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 |
| #1 Thats for a follow-up. Same kind of thing is going on with Nigeria. |
| Posted by: newc 2011-06-18 01:27 |