By RICARDO CASTILLO Every morning since Mexican President Andrés Manuel López Obrador (AMLO) came into power last Dec. 1, 2018, he has repeated over and over again that his leadership is meant to oust thievery within the Mexican federal government. The word “corruption” is repeated constantly in his daily speeches at the morning press conferences he holds at the National
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By SILVIO CANTO, JR. Although I live in the United States, as a Latino, I tend to follow Latin American politics closely, particularly in the case of Mexico. And in recent days, I’ve spoken with several of my Mexican friends and they’re all singing the same song: How did this guy Andrés Manuel López Obrador guy (AMLO) ever manage to
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By RICARDO CASTILLO On Sunday, June 2, Mexican President Andrés Manuel López Obrador (AMLO) flagged the initiation of the construction of a new oil refinery at the Tabasco double-cove port known as Dos Bocas. Unlike in the case of his initial move to bring an end to the massive fuel theft that was going on at the state-owned company Petróleos
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Mexico’s Unstoppable Gasoline Piracy
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By RICARDO CASTILLO Lest we forget: One of the unkept promises that helped to topple the popularity of former Mexican President Enrique Peña Nieto was his much-repeated outright lie that with his Energy Reform and Pemex joining free-market competition, “fuel prices will come down.” On Jan. 1, 2017, Peña Nieto made the grave error of liberating gasoline and diesel prices.
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By RICARDO CASTILLO For a “misunderstanding,” the initiation of the construction of the Dos Bocas port refinery was surely a noisy one. But then, it only helps to deepen the polarization of Mexican President Andrés Manuel López Obrador (AMLO) and his multiple detractors, mainly international rating companies concerned about the state-run oil company Petróleos Mexicanos’ (Pemex) huge debt of $95.6
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By RICARDO CASTILLO Mexican President Andrés Manuel López Obrador(AMLO) is currently preparing his report on his first 100 days in office. The precise day will be Sunday, March 10, but he’s already announced that he will instead blow his own horn on Monday, March 11, during his daily morning press conference at the National Palace in Mexico City. Last Wednesday,March
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By RICARDO CASTILLO There’s no question about it: Mexico’s once-prolific cash cow has run dry. The country’s economic national pride, the state-run oil giant Petróleos Mexicanos (Pemex), is now in financial straits, with its latest corporate report showing that just in the last quarter of 2018, it “lost” over 2 billion pesos. That definitely makes Pemex the only oil company
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By THE PULSE NEWS MEXICO STAFF Gasoline theft might have dropped significantly as a result of Mexican President Andrés Manuel López Obrador’s (AMLO) ambitious crackdown on huachicoleo (fuel piracy), but its consumers who are paying the price at the pumps. According to government’s Energy Regulatory Commission (CRE), between the second and third weeks of February, the average price nationwide of
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By THE PULSE NEWS MEXICO STAFF Two months after the start of his nationwide program to curb fuel theft, Mexican President Andrés Manuel López Obrador (AMLO) said on Thursday, Feb. 21, that the amount of stolen gasoline has dropped from 56,000 barrels a day to just 8,000 a day. “We experienced some difficult moments and about a week of fuel
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