Citgo is 100% owned by Hugo Chavez of Venezuela. He uses earnings from Citgo to fund his domestic and foreign policies. And, they aren’t the most progressive policies around. In fact, he is one of the world’s most scary and unattractive figures.
At home, Chavez loves to take money from the rich to give to the poor. It is a nice thought, but carried to the extreme – as he does – he is ruining Venezuela’s economy.
Abroad, Chavez uses his oil as a tool of foreign policy. And he has a lot, and it is a big tool. He uses it in Latin America to promote his interests. He other parts of the world is does the same – even more, lusting for role of world figure. He is working especially closely with Iran to help support their limited refining capacities and to bolster Ahmadinejad’s government. He and Ahmadinejad are a dangerous pair on the world’s scene.
Filling up at Citgo is a bad idea.
Related Articles:
International Energy Agency Oil Market Report by Thomas Bivens - Jul 09, 2007
Middle Eastern Banking by Thomas Bivens - Jul 09, 2007
Chavez warning opens Opec summit by Azzurro - Nov 17, 2007.


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