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Mexican cartels smuggle stolen oil into U.S.

August 11, 2009 · · Filed Under Oil Industry, Oil Refining, Related News 

Mexican drug cartels are skimming oil from the government owned pipelines an selling it to several U.S. refineries.

In a surprising public acknowledgment, Mexican President Felipe Calderon said last week that drug cartels have extended their operations into the theft of oil, Mexico’s leading source of foreign income which finances about 40 percent of the national budget.

At least one U.S. oil executive has pleaded guilty to a conspiracy that involved what prosecutors said was about $2 million in stolen Mexican oil, U.S. Justice Department officials confirmed to The Associated Press.

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One Response to “Mexican cartels smuggle stolen oil into U.S.”

  1. Fuel Management Software on January 6th, 2012 6:38 AM

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