Mexico’s recent oil reform will open up the energy industry from a 75-year-old state monopoly to a stream of private companies, and with them, it’s expected, organized crime.
Mexico’s vast shale-based reserves are some of the world’s largest, according to a recent assessment by the U.S. Energy Information Administration. But the shale is also located in precisely the northeastern regions most heavily influenced by the Zetas organized crime group. The Zetas and rivals like the Gulf Cartel have profited from reselling stolen oil and illegal mining operations for years, pocketing about $1.13 billion from the trade in 2012 and the first nine months of 2013, according to a November report by Pemex director Emilio Lozoya. And more than half of the money came in during the last nine months, indicating gangs’ oil profits are rising. Continue reading “Organized Crime To Profit From Mexican Oil Reform: US Department Of Energy”

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