Are Mexico's Drug Cartels Targeting The Oil Industry (Updates)

New Cartel Threat: U.S. Energy Supply -- Investors.com

Energy: Mexico's state oil firm, our second-largest foreign supplier, is under attack from drug cartels. But that's not stopping the U.S. from investing more in its operations while American rigs lie idle in the Gulf.

The volatile Middle East is often seen as the nexus of risk to U.S. energy supplies. But the biggest threat may be next door, in Mexico. It's bad enough that oil production there is declining due to underinvestment. But now the state oil monopoly, Pemex, is encountering a threat no one foresaw a few years ago: attacks from the country's notorious criminal cartels.

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My Comment: Mexico's drug cartels go where the money is, and aside from drugs, Mexico's other cash source is energy. But the idea that these gangs are capable of tapping into Mexico's energy sector is startling, something that I would never have thought was possible a few years back.