Next time you fill up at Citgo, think of all the Iranian you are helping

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.

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.

Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to financial literacy and bank transparency. Since co-founding this website in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

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Comments

  • Anonymous

    July 02, 2007

    Damn right about that. I cannot believe that anyway still shops there, or that people in Boston allow their sign to sit in Fenway Park.

  • Anonymous

    July 02, 2007

    It is all over American cities. And, few people know its connection to that guy.

  • Anonymous

    July 02, 2007

    Chavez is indeed very scary and it is surprising that the government has yet to implement sanctions against Citgo.

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