Mexico’s

Bubble Trouble

Mexico is starting to look like Venezuela

Mexico is in the midst of a crisis again. 

Oil thieves have been drilling holes in Mexico’s extensive network of oil and gas pipelines across the country to steal fuel and sell it on the black market. 

State-owned oil company PEMEX found more than 12,500 illegal holes in the pipelines last year. 

But Mexico’s new president Andrés Manuel López Obrador has decided to do something about this. 

So now, instead of transporting oil and gas via pipelines, they’ll ship everything via truck and rail. 

There are only a few TINY issues with that solution: it costs up to 14 times more to send fuel via trucks. And more importantly, it takes weeks longer to arrive at the stations. 

Across the entire country, including in the biggest cities of Mexico City and Guadalajara, more than 1,000 gas stations have been closed. Many of those still open have limited purchases of gas up to five gallons per person. 

And the lines to get to them can reach up to a mile-long.

DYI:  Obviously if Mexico becomes the next Venezuela then Katy bar the door on our southern border as a massive wave of desperate individuals and families seek refuge here in the States.  This is not a pro or con piece regarding Trump’s attempt to build a wall.  Just pointing out that if Mexico doesn’t get a handle on their massive corruption the country will fly apart at the seams leaving the U.S. with one hell of a southern border problem of mass migration.

DYI