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rts551
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Another 8% in Feb. Brace for impact.
http://www.forbes.com.mx/ya-viene-segundo-gasolinazo-febrero...
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chuckie
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And by then, the flowdown from the additional transportation costs should be effecting consumer prices....I think its not going to be pretty....
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DaliDali
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And standby for an increase in the CFE bills. They too are partially subsided by the government.
In my neck of the woods, power comes from diesel powered generators......
Not only an increase in fuel bills and CFE bills, but any commodity that moves by fuel powered transport.
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bajabuddha
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... and with who is going to be running the petroleum commodities NOB in the very near future, everyone just put your feet in the stirrups and TRY to
relax.......
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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bajaguy
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CFE rate increase already in effect for industrial and commercial users. No increase 'yet" for residential users
Quote: Originally posted by DaliDali  | And standby for an increase in the CFE bills. They too are partially subsided by the government.
In my neck of the woods, power comes from diesel powered generators......
Not only an increase in fuel bills and CFE bills, but any commodity that moves by fuel powered transport. |
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rts551
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Propane going up 33%. 45 kilo bottle is now 920 pesos.
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WhackAMolE
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Thanks for the heads up. I'm scheduled to go north on the 31st and come back on the 2nd. I wonder if I should push my trip back a week. I really don't
want to get stuck in an eight hour traffic jam.
[Edited on 1-16-2017 by WhackAMolE]
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Hook
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We got our CFE bill yesterday. Rates up about 20%.
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Udo
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It appears that CFE bills get sent out at different times depending on where one lives.
The one in Bahia Asunción comes out one month and Ensenada come another month.
Udo
Youth is wasted on the young!
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bajaguy
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Property taxes in Ensenada up 20%
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Udo
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According to Baja Gringo in San Quintin, all the protests are having an impact on the Feds.
Stay tuned!
Udo
Youth is wasted on the young!
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BajaTed
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| Quote: Originally posted by bajabuddha | | ... and with who is going to be running the petroleum commodities NOB in the very near future, everyone just put your feet in the stirrups and TRY to
relax....... |
Possible answer in long run:
The Hunt family of Texas fame just sold ALL their Permian Basin holdings to guess who?
Exxon Mobil for $6.6 Billion
Es Todo Bueno
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chuckie
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Source on that? Don't think so....
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LancairDriver
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This 6.6bil sale has been reported on in the Wall Street Journal, Forbes Magazine, as well as numerous Texas newspapers. It was probably Rex
Tillerson's last deal as EXXON CEO before becoming the next US Secretary of State.
Google it.
[Edited on 1-17-2017 by LancairDriver]
[Edited on 1-17-2017 by LancairDriver]
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chuckie
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What confused me was your statement that the deal was done with the Hunts...E/M bought 250000 thousand acres and production from the Bass boys up in
Fort Worth....Yup..thats correct..Dunno what that has to do with Mexican oil tho?
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LancairDriver
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Probably has to do with the reporting that Mexico will be importing fuel from the US at a higher price as their own refineries wont have the capacity
to supply their own market and building more will take years. They have been way behind on their planning.
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chuckie
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Kinda like the US..We havnt built a refinery in a good while...At least things are picking up, down in the PPatch....Some rigs going back to work, Son
in law is thinking about getting some service rigs back on line...Put some people back to work...
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MrBillM
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NO Problem YET ?
The indicator being that it hasn't risen high enough to get more than a dab of TV news coverage. Virtually NONE on the national Cable News channels.
I've seen more coverage on the Big Horn Sheep Golf-Course grazing in La Quinta than the Mex Gas Gab.
Interest will pick up once the REAL rioting begins.
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chuckie
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And your point is?
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MrBillM
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No Point
Other than to [we] spectators there isn't much of interest other than the unrest boiling over into something entertaining.
AND, I guess, the point that people will adjust to the new reality and their lives will go on.
Many at a further reduced level of comfort, but decades (centuries) of third-world history has shown that the populace will mostly adjust to their
level of poverty and simply plug along.
Mexico is somewhat unique given its geography sharing an immediate border with a wealthy first-world nation and having a large (relatively far
wealthier) population of foreign residents who may be adversely affected as unrest rises among the downtrodden, but the past indicates that the chaos
and carnage will be limited and little in the social/economic structure will change dramatically.
Successful popular revolutions happen rarely given the multitude of nations where substantial inequality has (and does) exist.
SO, unless you're one of those foreign residents who might be vulnerable to native resentment or opportunism, no worries.
Relax and enjoy the show.
Stay low if any shooting starts.
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