Hugo Chavez’ Citgo

I deliberately steer clear of Citgo gas stations because they are owned by Venezuela, i.e. Hugo Chavez. After Chavez came onto American soil, insulted America, and called President Bush the devil, you may also want to consider buying your gasoline somewhere other than Citgo, too, so as to not line Chavez’ pockets any more than they already are.

From the Citgo company website:

The company is owned by PDV America, Inc., an indirect, wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela.

And note this January 2006 article from USA Today about the influence Chavez has on American gasoline consumption:

But in fact there’s nothing ordinary about Citgo. One of the USA’s largest refiners, Citgo is a subsidiary of Venezuela’s state-owned oil company, Petroleos de Venezuela S.A. (PDVSA). As such, it ultimately belongs to Venezuelan President Hugo Chávez, an avowedly anti-American leader who counts Fidel Castro among his closest friends and mocks President Bush as a “genocidal murderer.”

The question of Chávez’s influence over Citgo was highlighted by the company’s recent provision of 25 million gallons of subsidized home-heating oil to poor people in the northeast USA. More than 100,000 households in four states should eventually benefit from the low-cost heating aid.

But some worry that Venezuela’s ownership of more than 6% of U.S. refinery capacity gives Chávez, a former paratrooper given to wearing red berets and military fatigues, the power to cripple as well as comfort.

As Hurricanes Katrina and Rita demonstrated, any disruption to the nation’s refining industry instantly increases gas prices. What if Chávez, who periodically threatens to curtail oil shipments to the USA, closed Citgo’s refineries?

“He’d only have to do that for 90 days, and he’d destroy our economy,” worries Matthew Simmons, a prominent energy investment banker. “He actually has our livelihood in his hands.”

Others who are suggesting that you might want to purchase your gasoline elsewhere:

Captain Ed
Mark Tapscott

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61 Comments

  1. R September 24, 2006
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