Cartels are Diversifying By Stealing from Oil Industry

Mexico recently de-regulated its energy market, creating a plethora of opportunities for enterprising companies. It’s a energy business’ dream to enter the nascent and booming markets south of the border. Businessman will find themselves with some new challenges such as illegal pipeline taps. The cartels are also enterprising businesses. Cartels discovered they can tap Mexico’s existing oil pipeline system and have been syphoning off what could amount to billions. Figures show that nearly 2500 illegal oil taps have been drilled in 2014 alone. [Houston Chronicle]