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Wednesday, November 30, 2005

Citgo Discounts Heating Oil 40 Percent for the Poor

Citgo has launched a plan to provide discount heating oil to the poor. The program started in Massachusetts when 45,000 people have received discounted oil at 40 percent of the market value. (CNN broadcast report).

In December 8 million gallons of heating oil will be delivered to families in the Bronx at the same price 40 percent of the market value.

Citgo is the American division of the National oil company of Venezuela's state-owned oil company, PetrĂ³leos de Venezuela. Chavez the president of Venezuela had previously made threats to stop exporting to United States entirely. Later last summer he had made a promise to provide cheap oil to America's poor. Now he is making good the promise through Citgo.

Chavez has been aligned with Cuba for some times and also provides Cuba with discounted oil. And now Chavez move is being interpreted as a way to embarrass American owned oil companies to share their profits with the poor. This is reflected by a statement by a Bronx based Democrat who made the deal with Chavez :

"... the agreement provided "an incredible message to other oil companies."
"It tells them," he said, "that that if these people in Venezuela can share their profits with poorer communities, then they should, too."

Chavez has continued to assault the Bush Administration, and the United States in general accusing us as a terrorist state with one hand, as he makes an humanitarian effort with the other.


At 6:37 AM, Blogger Melissa O. Markham said...

This is an interesting story, Bob. I wonder what reaction American oil companies will have, if any!?

At 10:57 AM, Anonymous iwwobbly said...

Helping the poor while embarrassing oil executives and Bush,now that's what I call a win-win situation!Viva Chavez!

At 12:05 PM, Blogger D L Ennis said...

Good story Bob!

I wonder what kind of work do you do at MG wwobbly?


At 1:04 PM, Anonymous iwwobbly said...

I don't know what MG is,but I'm a sheet metal fabricator.

At 1:13 PM, Blogger B O B said...

Thank you for your comments. I doubt if any American oil companies will respond at all. I am not so quick to cheer Chavez for his apparent good deeds, his motives are more directed at being hurtful rather than positive.

Mixing a little good with a lot of bad. As time goes on I am sure we will understand the motivation of Chavez more clearly.

At 2:12 AM, Blogger Layne Adams said...

Hello there, I was looking for heating oil salem and I came across your blog, very informative and entertaining, it shows that your an expert in your field.
I will definitely be back for more. Keep it up!


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