
"With one of the Hub’s most beloved icons caught in the middle of the political outrage over Venezualan President Hugo Chavez’s anti-Bush rant, Mayor Thomas M. Menino yesterday said the famed Citgo sign deserves a break.posted by ericb at 4:01 PM on September 24, 2006
'It’s a landmark in our city,' said Menino, who criticized Chavez for calling President Bush 'the devil' at the United Nations on Wednesday, but doesn’t believe the neon sign in Kenmore Square has to go.
'The only one that gets shortchanged is us' if that were to happen, Menino said.
...'We’re getting calls from Arizona, Pittsburgh, all across Massachusetts,' he said."
"A subsidiary of the Venezuelan national oil company will ship 12 million gallons of discounted home-heating oil to local charities and 45,000 low-income families in Massachusetts next month under a deal arranged by US Representative William D. Delahunt, a local nonprofit energy corporation, and Venezuela's president, White House critic Hugo Chávez.Thousands in Mass. to Get Cheaper Oilposted by ericb at 4:04 PM on September 24, 2006
The approximately $9 million deal will bring nine million gallons of oil to families and three million gallons to institutions that serve the poor, such as homeless shelters, said officials from Citizens Energy Corp., which is signing the contract. Families would pay about $276 for a 200-gallon shipment, a savings of about $184 and enough to last about three weeks.
The contract is to be signed Tuesday by officials from Citizens Energy, based in Boston, and CITGO, a Houston-based subsidiary of Petróleos de Venezuela SA. The contract was arranged after months of talks between Delahunt, a Quincy Democrat active in Latin American affairs, and Chávez, a leftist former paratrooper and fierce critic of the Bush administration."
[Boston Globe | November 20, 2005]
Occidental Petroleum bought Cities Service in 1982, and CITGO was incorporated as a wholly owned refining, marketing and transportation subsidiary in the spring of the following year. Then, in August, 1983, CITGO was sold to The Southland Corporation to provide an assured supply of gasoline to Southland's 7-Eleven convenience store chain.posted by dw at 5:32 PM on September 24, 2006
In September, 1986, Southland sold a 50 percent interest in CITGO to Petróleos de Venezuela, S.A. (PDVSA), the national oil company of the Bolivarian Republic of Venezuela. PDVSA acquired the remaining half of CITGO in January, 1990. With a secure and ample supply of crude oil, CITGO quickly became a major force in the energy arena.
« Older Have you ever run into Trotskyites before? You kn... | Plunging into the shadows:... Newer »
This thread has been archived and is closed to new comments
Oh really? He hates the U.S.? I love it when people speak based on the "news."
posted by SmileyChewtrain at 3:39 PM on September 24, 2006