Comments on: Almost 2 years after inauguration, the Olmeca Refinery is still not fully operational https://mexiconewsdaily.com/business/almost-2-years-after-inauguration-the-olmeca-refinery-is-still-not-fully-operational/ Mexico's English-language news Fri, 28 Jun 2024 16:24:03 +0000 hourly 1 https://wordpress.org/?v=6.5.5 By: Bradford Burns https://mexiconewsdaily.com/business/almost-2-years-after-inauguration-the-olmeca-refinery-is-still-not-fully-operational/comment-page-1/#comment-6442 Fri, 28 Jun 2024 16:24:03 +0000 https://mexiconewsdaily.com/?p=356457#comment-6442 At $70USD per barrel, the capital investment of $16B USD should be repaid in two years. Thats good. But that not the whole story. The costs to run the plant and pay the employees will delay the full payback time. Can MND learn and publish when the first positive peso (or dollar) will arrive into the coffers of Pemex? Assume it might be seven years more

]]> By: US https://mexiconewsdaily.com/business/almost-2-years-after-inauguration-the-olmeca-refinery-is-still-not-fully-operational/comment-page-1/#comment-6395 Wed, 26 Jun 2024 17:01:41 +0000 https://mexiconewsdaily.com/?p=356457#comment-6395 In reply to alexander pogue.

Oil refineries aren’t a utility and this isn’t socialism.

]]> By: alexander pogue https://mexiconewsdaily.com/business/almost-2-years-after-inauguration-the-olmeca-refinery-is-still-not-fully-operational/comment-page-1/#comment-6383 Wed, 26 Jun 2024 04:27:22 +0000 https://mexiconewsdaily.com/?p=356457#comment-6383 A perfect example of why you shouldn’t nationalize utilities. Pemex is a poorly run refinery that needs foreign competition to give it a good kick in the ass! Competition breeds better results far better than the socialistic approach.

]]>