Tag Archives: huachicoleo

AMLO’s Anti-Corruption Moves Get Approval

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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Gasoline Prices Up 12 Percent So Far This Year

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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Two Mouths, Multiple Opinions

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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AMLO’s First 100 Days as Team Mexico Manager

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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Mexico’s Cash Cow Runs Dry

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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Consumers Pay Price for Mexican Fuel Theft Crackdown

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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