Word: citgo
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Dates: during 2000-2009
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...million Gallons of discount heating oil delivered to low-income U.S. households this winter by Citgo, a subsidiary of a Venezuelan state-owned oil company, scoring President Hugo Chavez political points...
Sources: Boston Globe; BBC (2); Pew Hispanic Center; Financial Times (2); New York Times; Citgo...
...have a lot of work ahead of them with regard to energy policy." At the same time, he adds, "Americans should remember that when your Congress asked the international oil companies last fall to step up and provide subsidized heating fuel oil to poor residents in the U.S., only Citgo" - the oil firm owned by the Venezuelan government - "did so, despite the enormous profits the U.S. oil companies are making today...
...ploy to take consumers? minds off of record high oil prices, which are partly a result of his efforts to rebuild the power of OPEC, of which Venezuela is a founding member. Alvarez insists crude prices in the 1990s were "unfairly low" for producers like Venezuela - but says the Citgo program does give Chavez a chance to showcase "one of our revolution?s most important principles: the redistribution of oil revenues, especially for the poor." He adds it also reflects "the kind of cooperation mechanism we?re using with our neighbor countries in Latin America." Many of them - especially Cuba...
...Amidst those tensions, says Alvarez, the Citgo program is proof that Chavez?s revolution is still fond of Americans, if not their government. (Citgo, Chavez aides point out, is also a NASCAR sponsor.) "We?ll continue to support a people whose government is hostile to us," says Alvarez. "We have nothing against this country." Venezuelans and Americans might feel that way, but for the moment it seems that no amount of heating oil, no matter how deeply discounted, could thaw the enmity between their two governments...