Actually, it is not a scam. It will be 2020 before the pipelines are expanded to the Gulf Coast. I have lived in Texas from Corpus Christi to Beaumont in East Texas and Central and South Texas my entire 70 years. I presently live between the Eagle Ford and the Permien Basin. Not a day goes by that I do not see the oil related trucking and shipping going on on the highways. I have a good solid understanding of the oil business as I need to know. I started working on checking oil drill pipe for cracks back in the 1970s while a college student in South Texas working with my brother's company. I grew up around eight oil wells on Grandma's property and have oil royalty today as well. I have always paid attention to the oil business. My brother even went public on the stock market some years back as Accutest Systems, like Tubescope, but eventually lost control of the company after going public, and the BOD failed to take advantage of the millions in pipe checking contracts in Thialand he had lined up. I read articles every day on oil, and the latest tell the story. Today there is an oil backup situation where they are producing more oil in West Texas than they can pipe to the refineries on the Gulf Coast. Whether one wants to believe it or not, there really is a definite need for MMEX to build the refinery there. Fracking is getting better and better, and they are on the largest oil field formation and may have more oil there than Saudia Arabia does. The US producers can now export oil to the rest of the world. This refinery will be built and expanded as planned.
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