Pemex Fuel Pricing Caught Red Handed
Another DUH grade scandal for Pemex which means the federal government. A MAJORITY of Mexico's gasoline is refined in Houston Texas at the Shell Oil / Pemex joint venture refinery (Deer Park). S...
Forum Discussion
Ever try and fight a traffic ticket in the USA? The entire protocol has been meticulously designed to discourage pleading not guilty. Paying of the ticket before adjudication REGARDLESS of the plea-entered. Multiple court appearances. This is pure unadulterated and unconstitutional REVENUE ENHANCEMENT. Budgets are life and death in towns and counties over budgeting-in, ticket revenues.
Taxing is taxing and social engineering is social engineering. England's problem is they do not manufacture enough for export. Name ANYTHING within a quarter mile of you that has it's origins in England (Colonies excepted - a colony is a nation with images of The Queen on it's currency).
Canada's banks invested incredibly heavy in crude oil futures. The Canadian dollar once mighty in parity to the US Dollar is now neck and neck with the Australian Dollar. A few short years a 35% devaluation.
In my life in Mexico the only thing I see that can honestly be called subsidized is the first 150 kWh of the electrical bill. Paying 200 dollars for a one-way ordinary class bus ticket from Tijuana to San Lucas, is not. Paying three hundred dollars to ferry a car from Sta Rosalia to Guaymas is not subsidy. Three dollars a mile.
It all goes back to TWO THINGS
The insane cost of paying for 6 or more axles to transport goods on autopistas cuotas) and three dollar thirty cent diesel fuel. Every milligram of masa, arroz, azugar, sal, y chiles is subject to this revenue enhancement. I am still boiling mad over the outright thievery of 26 hectarias of thriving mango orchard Mex 14-D investors took but did not pay for. Contracts to buy were signed sealed and delivered but not one centavo was ever paid to Eduardo. The owners are untouchable.
The world is overflowing in crude oil. The King of Saudo Arabia is no fool. He is selling Saudi heavy crude while it is still sellable. When fracked crude turns out to be lighter and sweeter than Indonesian, Brent or Lagomar Venezuelan Lagomar (the former champs) heavy crude is in danger. There is so much light sweet crude flooding the market, asphalt pitch is getting in short supply. The USA made a deal with Pemex trading heavy Mayan crude (difficult and expensive to render into gas and diesel) for fracked crude oil.
The Celaya and Salina Cruz refineries were destined to start producing UBA gasoline to replace the Shell/Pemex ULSG gasoline from Texas. Five years down the road not a single drop has been produced. And you wonder about UBA diesel which is a hundred times more difficult to produce. I will not be alive when Mexican UBA diesel comes online.
Puerto Rico is an ideal place to build a titanic oil refinery. It is USA territory, awash in large rivers, and the people would be delighted to work at the fraction of the cost of mainland USA labor. Don't try and convince me the refinery shortage is inevitable - such statements would give me fits of laughter.
Taxing is taxing and social engineering is social engineering. England's problem is they do not manufacture enough for export. Name ANYTHING within a quarter mile of you that has it's origins in England (Colonies excepted - a colony is a nation with images of The Queen on it's currency).
Canada's banks invested incredibly heavy in crude oil futures. The Canadian dollar once mighty in parity to the US Dollar is now neck and neck with the Australian Dollar. A few short years a 35% devaluation.
In my life in Mexico the only thing I see that can honestly be called subsidized is the first 150 kWh of the electrical bill. Paying 200 dollars for a one-way ordinary class bus ticket from Tijuana to San Lucas, is not. Paying three hundred dollars to ferry a car from Sta Rosalia to Guaymas is not subsidy. Three dollars a mile.
It all goes back to TWO THINGS
The insane cost of paying for 6 or more axles to transport goods on autopistas cuotas) and three dollar thirty cent diesel fuel. Every milligram of masa, arroz, azugar, sal, y chiles is subject to this revenue enhancement. I am still boiling mad over the outright thievery of 26 hectarias of thriving mango orchard Mex 14-D investors took but did not pay for. Contracts to buy were signed sealed and delivered but not one centavo was ever paid to Eduardo. The owners are untouchable.
The world is overflowing in crude oil. The King of Saudo Arabia is no fool. He is selling Saudi heavy crude while it is still sellable. When fracked crude turns out to be lighter and sweeter than Indonesian, Brent or Lagomar Venezuelan Lagomar (the former champs) heavy crude is in danger. There is so much light sweet crude flooding the market, asphalt pitch is getting in short supply. The USA made a deal with Pemex trading heavy Mayan crude (difficult and expensive to render into gas and diesel) for fracked crude oil.
The Celaya and Salina Cruz refineries were destined to start producing UBA gasoline to replace the Shell/Pemex ULSG gasoline from Texas. Five years down the road not a single drop has been produced. And you wonder about UBA diesel which is a hundred times more difficult to produce. I will not be alive when Mexican UBA diesel comes online.
Puerto Rico is an ideal place to build a titanic oil refinery. It is USA territory, awash in large rivers, and the people would be delighted to work at the fraction of the cost of mainland USA labor. Don't try and convince me the refinery shortage is inevitable - such statements would give me fits of laughter.
