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Four years ago, Hugo Chávez scored one of the more impressive p.r. coups of the new century when he started delivering free heating oil to low-income Americans. Even if it was political opportunism, as conservative critics insisted, it got home-heating fuel to hundreds of thousands of yanquis during the past four winters, when the price was often skyrocketing. On Monday, however, with world oil prices plunging, the Venezuelan President decided to suspend his large-scale, multistate U.S. program in order to tend to financial concerns at home. Then on Wednesday, at the urging of U.S. politicians...

Author: /time Magazine | Title: Why Can't Big Oil Match Hugo Chávez? | 1/7/2009 | See Source »

...which raises the question: If Chávez can keep donating fuel even as his oil revenues tumble, why can't any U.S. oil companies step up to do the same? (See pictures of the global financial crisis...

Author: /time Magazine | Title: Why Can't Big Oil Match Hugo Chávez? | 1/7/2009 | See Source »

...millions of gallons of heating oil at half price, and eventually free, to struggling households in the American Northeast and Midwest. By this year, the service has expanded to more than 200,000 families in 23 states. The partisan controversy around it has also grown. Republicans grouse that taking fuel from Chávez, America's chief antagonist in the hemisphere, is unpatriotic and simply aids his anti-U.S. foreign policy. Democrats and advocates for the poor disagree. In a website video for Boston-based Citizens Energy, which helps distribute the Citgo oil, director Joseph Kennedy, son of Senator...

Author: /time Magazine | Title: Why Can't Big Oil Match Hugo Chávez? | 1/7/2009 | See Source »

...responding to members of Congress who had made a public plea for oil companies to provide lower-cost home-heating oil to U.S. families squeezed by the rising price of fuel. No U.S.-owned firm stepped forward; Citgo did. (Sunoco has since set up a program that provides free heating oil to 1,100 residents in the Philadelphia area.) Admittedly, it was a chance for Chávez to showcase "one of our revolution's most important principles," as then Venezuelan Ambassador to the U.S. Bernardo Alvarez told TIME in 2006: "the redistribution of oil revenues, especially for the poor...

Author: /time Magazine | Title: Why Can't Big Oil Match Hugo Chávez? | 1/7/2009 | See Source »

...attacks are a legitimate response to Hamas’ rocket-fire, and a clear case of self-defense. Anyone with a political memory longer than three weeks, however, knows how utterly hollow this statement is in light of the months-long blockade of Gaza. Israeli blockades of fuel, electricity, and food supplies from Gaza, which have been in place for well over a year, have drastically affected homes, businesses and hospitals in a region where 90 percent of the population lives below the poverty line, the most devastating effects of which are seen in the chronic malnutrition of Gazan children...

Author: By Nadia O. Gaber | Title: Far from Self-Defense | 1/6/2009 | See Source »

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