By THÉRÈSE MARGOLIS On Feb. 7, I wrote about how hydraulic fracturing – a process that produces fractures in subsoil shale rock formations to stimulate the flow of natural gas or oil, thus increasing the volumes of hydrocarbons that can be recovered for commercial use – is here to stay in the global world of energy production. Today, I am
Read more
By THÉRÈSE MARGOLIS Napoleon Bonaparte once said that an army marches on its stomach. Similarly, in today’s world, an economy advances on its energy supply. And while oil and natural gas prices are down – and likely to remain down for a very long time, despite attempts by the OPEC fraternity to manipulate prices to the whims of Saudi Arabian
Read more
Photo: aerogroup.com
Read more
By RICARDO CASTILLO It’s hard to understand why Mexican President Andrés Manuel López Obrador (AMLO) reacted viscerally to the two-level downgrading New York-based Fitch Ratings made of the state-owned oil company Petróleos Mexicanos (Pemex) last Tuesday, Jan. 29. In any case, if there is going to be a culprit for the heinous performance of Pemex finances, it is none other than
Read more
By THE PULSE NEWS MEXICO STAFF Despite a downgrade by “Big Three” credit rating agency Fitch one day earlier, Mexican President Andrés Manuel López Obrador (AMLO) told reporters on Wednesday, Jan. 30, that the state-run oil company Petróleos Mexicanos (Pemex) is stronger financially than it has been in 30 years. The New York-based Fitch downgraded Pemex by two notches from
Read more
By RICARDO CASTILLO At this point, the question is not so much what, where or how? The question is: Who is the real culprit behind the Jan. 18 gasoline duct explosion in Tlahuelilpan, Hidalgo? A review of general opinions across Mexico regarding the blast in the obscure little township just a 100 kilometers north of Mexico City points in every
Read more
By THE PULSE NEWS MEXICO STAFF The administration of Mexican President Andrés Manuel López Obrador (AMLO) announced on Thursday, Jan. 17, that the federal Financial Intelligence Unit (UIF) has frozen the bank accounts of 37 businesses believed to be linked to huachicoleo (gasoline piracy). A statement issued by the UIF, which is a subsidiary of the Treasury Secretariat, noted that
Read more
By THE PULSE NEWS MEXICO STAFF Six Mexican governors from the states most direly affected by gasoline shortages — and which, coincidentally, are also from parties other than President Andrés Manuel López Obrador’s left-leaning National Regeneration Movement (Morena) – met with Petróleos Mexicanos (Pemex) Octavio Romero Oropeza, Energy Secretary Rocío Nahle García and Public Safety Secretary Alfonso Durazo Montaño on
Read more
By THE PULSE NEWS MEXICO STAFF While gasoline shortages in some parts of Mexico – particularly in Mexico City – caused by President Andrés Manuel López Obrador’s (AMLO) all-out offensive to stop fuel thefts at any cost – have finally begun to subside as a fleet of guarded tankers begins to meet demand, Guanajuato Governor Diego Sinhué Rodríguez Vallejo has
Read more
By RICARDO CASTILLO By shutting off the ducts carrying fuel from the state-owned Petróleos Mexicanos (Pemex) in order to stop robbery, Mexican President Andrés Manuel López Obrador (AMLO) opened up a Pandora’s box. His problem is now how to shut it closed again. AMLO’s open declaration of war against huachicol (pronounce wa-chee-kol), or fuel theft, is, 17 days since it
Read more