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Pre-Christmas gas shortages in Mexico hint at a bigger weakness in the county’s oil industry





Drivers in parts of Mexico have found themselves mired in long lines or turned away from gas stations in the days and weeks before Christmas, as fuel shortages hit cities and towns in the state of Michoacan.

The shortages have been attributed to a number of factors, including pipeline theft, pricing and maintenance issues for state oil company Pemex, and speculation ahead of a shift to competitive-pricing model slated for January.

These challenges and the resultant shortages come at a time when Pemex’s refining and transport capacity is lagging the strong growth in demand.

In the days before Christmas, at read more >>>

Source:: BusinessInsider.Com

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