Tag Archives: Ricardo Castillo

Pemex and the CFE in Eye of a Political Hurricane

By RICARDO CASTILLO     Mexico’s state-owned energy companies Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) continue to be leading problems for the administration of President Andrés Manuel López Obrador (AMLO). Both are separate entities that must be dealt with separately. So we’ll start with a look at Pemex, and then consider th CFE a few paragraphs down. Pemex and

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Ebrard Refutes Trump’s Asylum Denial Stance

By RICARDO CASTILLO     On Monday, July 15, U.S. President Donald Trump announced the implementation of a new rule which would deny immigrants who arrive through Mexican territory seeking asylum access through the southern border. Under the new regulation, all Central American asylum seekers on the way to the United States would be required to first pursue safe haven in a

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Santa Lucia Airport Beleaguered by Suits

By RICARDO CASTILLO Was there or was there not corruption involved in the construction of the now-defunct New International Mexico Airport (NAIM)? Just Monday, July 15, Mexican President Andrés Manuel López Obrador (AMLO) said there was corruption in many of the already-awarded construction contracts, while Communications and Transportation Secretary (SCT) Javier Jiménez Espriú stated that corruption was not an issue

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Will Herrera Fit the Mold of AMLO’s Expectations?

By RICARDO CASTILLO     Definitely the outstanding image in Mexico for the week July 8-12 was the stone-cold face of Arturo Herrera Gutiérrez as President Andrés Manuel López Obrador appointed him the government’s new finance secretary. Herrera Gutiérrez looked as if he was attending his own funeral. The fact is that a lot of political pundits noticed the grave gesture, that

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Peña Nieto’s Divorce Lawyer Arrested for Swindle

Mexican lawyer xxxx. Photo: Notirey Tamaulipas

By RICARDO CASTILLO     A case that is currently making ripples in the turbulent waters of Mexican politics today began when the well-known lawyer Juan Collado Mocelo was arrested on Tuesday, July 9, at high-end Mexico City eatery Morton’s Steak House in Lomas de Chapultepec. At the moment of his arrest, Collado Mocelo was eating with one of his clients, Pemex

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New Arrest Warrant for Lozoya Is A Family Affair

By RICARDO CASTILLO       What came as a shock to the Mexican political system last Friday, July 5, was not that the nation’s fiscal (attorney) general managed to get a judge to issue him yet another arrest warrant against former Petróleos Mexicanos (Pemex) Director Emilio Lozoya Austin, but that the arrest warrant also included his mother, wife and sister, Gilda Austin,

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CFE to Renegotiate $80 Billion Pipeline Debt

By RICARDO CASTILLO     The tip of the iceberg appeared last April in the form of three outages in the Yucatan Peninsula, each affecting approximately 1.6 million electricity users. Back then, the Mexican state-owned company Federal Electricity Commission (CFE) blamed the blackouts on rural cane field fires and line failures. The rest of the iceberg emerged last month, and the truth

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