Word: cec
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Incorporated in July 1979, Citizen's Energy Corporation (CEC) was launched out of Kennedy's basement. Armed with a list of oil ministers' addresses, a letter of credit from Chase Manhattan, very little capital and the Kennedy name, Kennedy and a few friends sent their proposal to the oil producing countries. Most of the ministries did not respond; a few were curious; and then Venezuela said yes. Less than a year later, 8.4 million gallons of CEC-imported heating oil entered Boston harbor...
...some one had told me two years ago I'd end up working for a non-profit oil company, I'd have said they were crazy," Steven Rothstein, one of the original members of CEC, says. "When Joe first came to me with the idea I thought he was crazy. I worked for him for four months because I was his friend. But still I thought it was crazy. Imagine," he adds, "starting a non-profit oil company to help low-income people. It's brilliant. And it takes a lot of guts...
...harbor of Chelsea, Mass., late last month carrying 8.4 million gallons of heating oil. An everyday occurrence, with one important exception: the fuel on board cost only 47? per gal., or about two-thirds the normal 75?-per-gal. wholesale price. The importer was the nonprofit Citizens Energy Corp. (CEC), headed by Joseph P. Kennedy II, 27, eldest son of late Senator Robert Kennedy. A vociferous critic of the energy firms' "greed," the young Kennedy was out to prove that oil companies were ripping off the public...
Harvard students have conducted research for Fair Share in the past, but lately they have helped to organize field work as well, and CEC members say they like that better. "If you research, you learn about utility rates, landholding and tax rates -- but if you organize you see the people in the community, and that's important," Damman says...
...Dyke and Damman defend their committee against skeptics who might point out that there are relatively few Harvard students on the CEC, most of whom do not plan to devote their lives to community organizing. How sincere, then, are the CEC members? What effect do they ultimately have upon the social and economic injustices they are investigating...