PeakOil is You
THE Mexico Thread Pt. 2 (merged)
Re: Trade War Developing/Mexico Imposes Tariffs on the US
by the48thronin » Tue 17 Mar 2009, 22:54:36
If the USA and Canada put tarrifs on Mexican manufactured goods to deny the benefits of $4.75 a day slave labor, the only jobs left in Mexico will be as hit men for the drug lords in a month.
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Courtesy and Courage Sincerity and Self-control Honor and Loyalty a Code to Live By!
What do the miners do when the canary dies? EVACUATE THE MINE not argue about the color of it's feathers or buy a parrot instead.
Where is my pitchfork and torch? I need them for a visit to the castle!
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Re: Trade War Developing/Mexico Imposes Tariffs on the US
by eastbay » Tue 17 Mar 2009, 23:18:20
$this->bbcode_second_pass_quote('the48thronin', 'I')f the USA and Canada put tarrifs on Mexican manufactured goods to deny the benefits of $4.75 a day slave labor, the only jobs left in Mexico will be as hit men for the drug lords in a month.
That's exactly the only accomplished objective of the US military occupation of Afghanistan. Interesting coincidence! Create more drug lords and hit men. Now why would anyone do that? Money, maybe?
Hmmm ... if anyone competes with our action they end up like Noriega, if they're lucky. If they try to stop the action, well look out. Then they end up very unlucky... like the Taliban.
This Mexico squabble will be interesting to watch, that's for sure. Especially next year when net oil revenue ceases.
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Mexico slaps additional tariffs on 90 US products
by Ache » Tue 17 Mar 2009, 23:36:20
Mexico Slaps U.S. With $2.4 Billion Tariffs on 90 Products
$this->bbcode_second_pass_quote('', '
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Mexico slapped the United States with $2.4 billion worth of tariffs on 90 unnamed industrial and agricultural products. The move comes in retaliation after the U.S. Congress cancelled a pilot program that would allow a handful of Mexican truckers to deliver goods throughout the U.S.
According to Gerardo Ruiz Mateos, Mexico’s Economy Minister, the tariffs are allowed under the 1994 North American Free Trade Agreement (NAFTA). “We consider this action by the United States to be wrong, protectionist and clearly in violation of the treaty,” Ruiz Mateos added.
Mexico’s actions might be coming at one of the worst times in the U.S.’ economic history. In January, exports from the U.S. to the world fell 12.5% from the month prior. Since August the figure has plummeted 33.45%. To Mexico alone, that figure has fallen to levels last seen in Jul. 2005 or by 34% since August.
U.S.’ southern neighbor might be hurting itself too. Mexico’s Peso has tanked after hitting a 6-year high against the U.S. Dollar of 9.85 on Aug. 04th. It reached an all-time low only three days ago of 15.58. Such a violent change in price will make it more expensive for Mexicans to purchase goods produced north of its border. But with the enactment of such tariffs, the inflationary pressure felt from Peso weakness will only be exacerbated. Thus the new trade policy may actually prove to hurt Mexico as much as it does the United States.
$this->bbcode_second_pass_quote('', '
')
Mexico slapped the United States with $2.4 billion worth of tariffs on 90 unnamed industrial and agricultural products. The move comes in retaliation after the U.S. Congress cancelled a pilot program that would allow a handful of Mexican truckers to deliver goods throughout the U.S.
According to Gerardo Ruiz Mateos, Mexico’s Economy Minister, the tariffs are allowed under the 1994 North American Free Trade Agreement (NAFTA). “We consider this action by the United States to be wrong, protectionist and clearly in violation of the treaty,” Ruiz Mateos added.
Mexico’s actions might be coming at one of the worst times in the U.S.’ economic history. In January, exports from the U.S. to the world fell 12.5% from the month prior. Since August the figure has plummeted 33.45%. To Mexico alone, that figure has fallen to levels last seen in Jul. 2005 or by 34% since August.
U.S.’ southern neighbor might be hurting itself too. Mexico’s Peso has tanked after hitting a 6-year high against the U.S. Dollar of 9.85 on Aug. 04th. It reached an all-time low only three days ago of 15.58. Such a violent change in price will make it more expensive for Mexicans to purchase goods produced north of its border. But with the enactment of such tariffs, the inflationary pressure felt from Peso weakness will only be exacerbated. Thus the new trade policy may actually prove to hurt Mexico as much as it does the United States.
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Re: Mexico slaps additional tariffs on 90 US products
by lowem » Wed 18 Mar 2009, 03:47:06
A tarrif here, a tariff there, pretty soon they all add up and you get, what, a trade war or something?
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Mexico to start importing crude oil, first time in decades
by Sixstrings » Mon 30 Aug 2010, 15:49:34
$this->bbcode_second_pass_quote('', 'M')EXICO CITY (MNI) - Mexico's state oil company Pemex will begin importing crude oil for the first time in decades after watching the markets for the best moment to buy, Pemex Director General Juan Jose Suarez said Tuesday.
Suarez told local radio that Pemex is concluding the analysis of how different mixtures on the market react in the country's refineries, and will wait for an opportunity to buy, making the plan seem much more definite than it did only a day earlier.
"We will be watching for opportunities, and when they come, we will carry out" the import, Suarez said in an interview with Radio Formula.
Suarez told reporters at an energy event Monday that Pemex was considering importing crude to increase the profitability of Mexico's refineries.
Imports would only represent 3% of the total crude produced by Mexico, Suarez added.
He said it is not a question of having enough domestic crude, since output has remained steady at 2.59 million bpd this year from 2.6 million bpd last year, but mixing the lighter imported crude rich in gasoline together with Mexico's heavier grade crude, the refinery process will be more profitable, Suarez said.
"Our type of crude has changed for some time because we stopped producing what we used to produce in Cantarell," Suarez said, refering to the nation's huge aging oil field. "Our refining system produces less gasoline with our crude."
http://imarketnews.com/node/18254
Suarez told local radio that Pemex is concluding the analysis of how different mixtures on the market react in the country's refineries, and will wait for an opportunity to buy, making the plan seem much more definite than it did only a day earlier.
"We will be watching for opportunities, and when they come, we will carry out" the import, Suarez said in an interview with Radio Formula.
Suarez told reporters at an energy event Monday that Pemex was considering importing crude to increase the profitability of Mexico's refineries.
Imports would only represent 3% of the total crude produced by Mexico, Suarez added.
He said it is not a question of having enough domestic crude, since output has remained steady at 2.59 million bpd this year from 2.6 million bpd last year, but mixing the lighter imported crude rich in gasoline together with Mexico's heavier grade crude, the refinery process will be more profitable, Suarez said.
"Our type of crude has changed for some time because we stopped producing what we used to produce in Cantarell," Suarez said, refering to the nation's huge aging oil field. "Our refining system produces less gasoline with our crude."
http://imarketnews.com/node/18254
So has the quality of crude coming out of Cantarell changed, and that's why they need to import lighter crude to mix with it?
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Re: Mexico to start importing crude oil, first time in decad
by Tanada » Tue 31 Aug 2010, 19:23:04
Maybe I am confused but IIRC Cantarell produces heavy sweet so they might need more sweet to offset the sulfur in their current mix?
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Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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