Hungry Venezuelan Workers Are Collapsing. So Is the Oil Industry-Starving employees are growing too weak for heavy labor, hobbling the refineries

At 6:40 a.m., Pablo Ruiz squats at the gate of a decaying refinery in Puerto La Cruz, Venezuela, steeling himself for eight Sisyphean hours of brushing anti-rust paint onto pipes under a burning sun. For breakfast, the 55-year-old drank corn-flour … Read more

Mexico’s Drug Cartels Steal Billions Of Dollars In Oil, Threatens To Collapse Nation’s Refineries

by stockboardasset In a new mind-numbing report from Reuters, Mexico’s drug cartels are increasingly diversifying beyond narcotics and have recently entered into the petroleum business. Cartels have jumped into the fuel theft game stealing billions of dollars worth of oil from pipelines … Read more

10 refineries closed due to hurricane… If Harvey moves toward Louisiana, MORE could be shut down! Prepare for higher gas prices!

10 refineries closed… FILL UP NOW! for the morning crowd 1. Harvey hits: U.S. gasoline futures spiked 7% Sunday night after the storm ravaging the Gulf Coast forced the shutdown of at least 10 refineries near Houston and Corpus … Read more