Quote: | Quote: | Originally posted by BajaBruno
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and Mexico trucks the crude up to CA for refining into gasoline, then trucks it back down here to sell at much cheaper price. God bless MX government
subsidy.
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Mexico does refine some products in the US, but they have quite a bit of capacity themselves.
Minatitlan Refinery (Pemex) 170,000 bpd
Cadereyta Refinery (Pemex) 292,000 bpd
Tula Refinery (Pemex) 320,000 bpd
Salamanca Refinery (Pemex) 236,000 bpd
Ciudad Madero Refinery (Pemex) 190,000 bpd
Salina Cruz Refinery (Pemex) 320,000 bpd
And, they might disagree that they "subsidize" gas. Mexicans regard oil as a national resource that belongs to the people, not to only the wealthy
business elites. Most other oil exporting nations feel the same. |