Someone who stayed in Montevideo several years ago asked me about the horrific black cloud he saw every day over the city. I knew nothing of it, but learned it’s the product of the ANCAP refinery in the city. ANCAP is the scandal-ridden national oil company which, despite its monopoly on petroleum, alcohol, and Portland cement, and which, in response to crude oil prices dropping 60%, lowered prices at the pump by almost 3%, manages to “lose” money.
Ah yes, in the most progressive, least corrupt country in Latin America!
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