Last week, Mexico scrapped plans to tender the construction of the refinery to foreign companies, saying that it would be Pemex that will oversee the project. According to López Obrador, the foreign firms won’t be able to meet the government deadline to have the project ready by 2022 and weren’t happy with the $8-billion price tag.
“The company has secured the financial, technical, human and material resources necessary to complete the project,” Pemex said in a statement last week. According to Pemex and López Obrador, the entire project will cost S$8.3 billion and will create 100,000 jobs. Construction is scheduled to begin on June 2 this year and is expected to conclude in May 2022.Turkey: lira tumbles after President Trump terminates pro-trade agreement with Turkey; in response to Turkey buying Putin's S-400 missile defense system.
Pakistan: this fast growing LNG market is scrambling for new supply. Link here. Apparently Pakistan officials studied economics under Occasional-Cortex. Qatar's prices: up to 14% higher than the open market.
Winter in May in California: that's the headline in today's LA Times. Anyone not paying attention to the weather this year is not paying attention to the solar minimum (minima?). Scroll through the site to get an idea of how things are playing out. By the way, huge storm this weekend across the midsection of the United States, and then again all next week in Texas.
Solar panels: the "great majority" of solar cells being produced at Tesla's factory in Buffalo, NY, are being shipped overseas. According to Reuters,
The exporting underscores the depth of Tesla’s troubles in the U.S. solar business, which the electric car maker entered in 2016 with its controversial $2.6 billion purchase of SolarCity.The Mueller report and the five stages of grief. Apparently Mueller won't be testifying in May, probably not in June, perhaps never.
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