Monday, September 6, 2010

Are Mexico's Drug Cartels Targeting The Oil Industry

Mexican Drug Cartels Cripple Pemex Operations In Basin -- L.A. Times

The kidnappings of five petroleum company workers along with 30 others have terrorized the oil community, paralyzing segments of the business. Months later, families have still heard nothing.

Reporting from Reynosa, Mexico — The meandering network of pipes, wells and tankers belonging to the gigantic state oil company Pemex have long been an easy target of crooks and drug traffickers who siphon off natural gas, gasoline and even crude, robbing the Mexican treasury of hundreds of millions of dollars annually.

Now the cartels have taken sabotage to a new level: They've hobbled key operations in parts of the Burgos Basin, home to Mexico's biggest natural gas fields.

Read more ....

My Comment: Kidnapping is a big business for the criminal gangs that operate in Mexico. Pemex sells oil, and they have money .... but will they use it to pay off a ransom. Hmmmm .... it appears not knowing that it would only open the floodgates for more kidnappings and ransoms.

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