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I'm looking for a favorite gas station, and in checking 'choosetheblue.org' I found that the majors look like this: Shell.............54%/46% Amoco.............35%/65% Occidental........18%/82% Chevron...........17%/83% Marathon Oil......17%/83% Phillips 66.......16%/84% Conoco Philips....16%/84% Diamond Shamrock..15%/85% ExxonMobil........12%/88%
Not on this list is Citgo. Citgo is owned by "PDV America, Inc., an indirect, wholly owned subsidiary of Petróleos de Venezuela, S.A" (PDVSA).
Hmm. Venezuela is near & dear to me since I was paying attention when the Bushies tried to make another Chile out of Venezuela..i.e., they orchestrated a coup on Chavez; the followup to such a coup (if or when one succeeds) will surely be 15 - 20 years of violent repression and death squads at the hands of a right-wing brutal dictator. Again.
PDVSA itself is on the wrong side of this, in that the PDVSA employees particularly management stood to gain (via stocks) if Chavez got thrown out; and they stood to lose (via further nationalization) if Chavez stayed in. So they were central to the "strikes" (actually, lockouts) that occurred in the latest attempts at Venezuelan regime change.
But the Venezuelan government does get most of its revenue from its oil industry. The money that the Venezuelans are getting from it is helping to stabilize the country and enable them to make some progress with education, poverty and infrastructure ('bread and bricks').
The minute the Bushies succeed in overthrowing the democratically elected president of Venezuela, I won't buy another dime from Citgo. In the meantime, I guess it's a good thing to buy from them.
Does anyone have anything to add to this?
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