Stop to the oil price

National

The oil price for the floors

Stop to the oil price

By: Carlos Damian                                               June 6, 2015

The violence perturbs to the education and the professors win a miserable payment

Mexico. -   If they know how to count they don't have petroleum and the 'future promissory' of the minister of the year won't complete, since the reality ate up it and the 'volatility passenger’ stayed to wake up to the raw reality and the 'armour in advance' for Luis Videgaray was smaller to that of the guardian of the corner. The oil prices will be to 55 dollars the barrel but this will be in 2020 and this when EPN is in another part, without considering the fall of the internal production and the export of hydrocarbons. In this context of fantasies poured in public by the secretary of Treasury, marked before concluding 2014: "fortunately we have covered the price of the petroleum, with independence of where it is the price of the petroleum in the international markets; we take a measure on time that it not only allows us to protect the federal government's revenues, but also of the federal public expense for 2015. Thanks to this covering cuttings can be discarded to the derived budget of 2015 of the prices of the petroleum."  The minister of the year after returning of Malinalco announced a cutting budgetary for 8 thousand 287 million dollars, with an exploration barrel below the 40 dollars, measure, “of preventive and responsible character” before the fall of the prices of the petroleum and that perhaps it is the only one. In this circumstance we have that six years ago behind, the before secretary of Treasury, Agustin Carstens (Doc flue), it recognized (august 2009 in the economic shake) that the public finances faced the “worst shock” in three decades, and it underlined the "it lacks money" of approximately 20 thousand million dollars. In those times of the past the price of the export barrel was of 53 dollars and the economy collapsed 6.5 percent. Now the "hole " is considered in 8 thousand 287 millions dollars and the barrel is sold below 40 dollars, although Videgaray assures that there is not of what to worry, since, this situation won't have effects in the official goal of growth, and in this thread of errors the magician has failed two followed years, and he goes for the third beat with a hat full with bankrupt goals of growth. Now we have it as regular in the Bank of Mexico, to the doctor "flue " and optimist meets with deputies of the PAN to who he told them ‘he goes it for ahead’ because the effects in the public expense for the fall of the prices of the petroleum won't be exclusive of 2015 neither 2016 (La Jornada, E. Mendez).  Minister without memory  In this context of lies he said, the reality is that Mexico was accustomed to spend with revenues coming from the petroleum of between 80 and 100 dollars for barrel, but we no longer have them and it seems that that fall will be durable. It will be question of years to return to the previous revenues". The legislators of the PAN know it since during the tragic dozen one has Vicente Fox and Felipe Calderon with an abundant quantity of dollars coming from the petroleum, and the PAN’s men they wasted it in expense current, and 'Doc flue’ was Secretary of Treasury. In accordance with the estimates of the Bank of Mexico, in 2015 the price of the Mexican export barrel will stay below 40 dollars and the same tendency will be observed in 2016. If they go well the things and we suppose that the demand of black gold will be increased, we will see that in the second year of government, in 2020, they will be other colors that he will have the presidential seat. For what we wait what they have never made - that the government's blind geniuses with the national finances will should: to be creative, to attempt new entrance routes since the financial "holes" will be increased. The government's mendacious geniuses have never told us as they will solve the national finances since the oil entrance it contributes 40 cents of each dollar budgetary and they have been limited to clip, without opening alternative roads.  Governor Carstens says that it is “reasonable” the cutting budgetary that the Viceroy Videgaray, announced then, “it constitutes a good purpose, mainly for the offer that it will be avoided to the maximum to reduce the budget for the social programs and in that case the impact to the families of smaller revenues will be limited". The alternative would be to hire more debt than the federal government it has committed saying that there won't be new taxes, and the rates of the effective ones won't increase. They cannot avoid the public to see that to more debt we will have more taxes in the future, and the acquired debt won't be a good exit for the Mexican citizen. When it was with Calderon "Doc flue” he announced to the deputies of PAN (august 2009), “the federal government will propose an economic package for 2010 based in more taxes and a moderate indebtedness, in order to make in front of money lacks of 20 thousand million dollars to finance the budget. Difficult decisions will be made. Six years later he affirms that “bigger debt is more taxes in the future; the debt is not an exit”. This should have said it before, because the doctor "flue " in the administration of EPN the taxes have been increased in a brutal way and the public debt has grown at historical levels, so much that “from the beginning of the current administration the indebtedness hired with internal and external creditors has grown in 134 million daily dollars. But the debt has reached the highest level in 24 years" (La Jornada, R. Gonzalez).     Burns of natural gas  The National Commission of Hydrocarbons (CNH, for their initials in Spanish), headed by Juan C. Zepeda Molina, it maintains a delay of more than three months in their reports of it burns and it scent of gas on the part of PEMEX. "This information is important because he/she would allow knowing if Pemex continues without completing -like it made during 2014 - the rules that demands to burn less than 2 percent of the gas natural produced total", the group of engineers oil Constitution of 1917 said. The reports of the CNH until September of 2014, the last ones diffused, they reveal that in the marine asset Ku Maloob Zaap (KMZ) that contributes the biggest production of raw, a deviation exists with regard to the programmed goal of a thousand 630 percent.  The program for 2014 fixed a limit of it burns for the marine asset KMZ of 7.5 million cubic feet, while the one observed ascends to 129.2 million cubic feet a day, not fulfilling the programmed goals. The CNH explains: "It burns it of gas in the month of September of last year it was carried out mainly by the production asset KMZ, where due to the increment of the relationship gas-oil, the process capacity and transport of there are, it was insufficient; the above-mentioned, joined to it burns it caused by the realization of maintenances to teams of handling of gas."   In accordance with the last official data, at national level there is also been unfulfilled the established program of it burns of gas in the atmosphere in the period January - September 2014. The program establishes a limit of it burns of gas of 156.3 million cubic feet and it burns, it real observed it is of 224.3 million cubic feet with what overcomes by 44 percent the fixed limit. The president of the group of oilers engineers, Francisco Garaicochea, highlighted the necessity to have the opportune information, since Pemex reports the information every day. Also, the information in an expedite way is required, now more than ever before the entrance of the national private companies and foreigners in the exploitation of hydrocarbons and this way to know if to the private sector it will also be allowed to continue smashing the law.  Between January and September, the last available official data reveal that the burnt gas and correspondent to the atmosphere are the equivalent one to 16.5 percent of the total of the volume of imported gas, necessary to cover the necessities of the now productive companies of State and of the Mexican industry that in 2014 it registered an average of a thousand 357.8 million feet cubic newspapers. (La Jornada, politica, p.p. 22-23, February 3, 2015)