Mexico oil industry has an organized-crime problem
Monday, February 8, 2016
Mexican oil prices fell after a brief rally earlier last week, slipping to $24.47 a barrel on Tuesday and prolonging the slide of one of the country’s most lucrative exports.
In addition to the continuing downstream pain — or the brutally low prices oil is being sold for on the market — Mexico’s oil industry is dealing with a severe theft problem preventing an increasing amount of its production from ever getting to market.
Source: Business Insider