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As the USA Today article below shows, Hugo Chavez not only hates America, but also has the means to hurt everyday people by affecting our oil supply. CITGO, the oil company wholly owned by the Venezuelan government, is completely under President Chavez’s control. This campaign aims to remove CITGO from his hands by making it an unprofitable venture for as long as he controls it. Please join our campaign!
Article excerpts below:
Has Citgo become a political tool for Hugo Chávez?
By David J. Lynch, USA TODAY
HOUSTON — From the glass-walled building and manicured lawn to the security guard who greets visitors in a cheerful Texas drawl, everything at Citgo Petroleum seems perfectly ordinary.
But in fact there’s nothing ordinary about Citgo. One of the USA’s largest refiners, Citgo is a subsidiary of Venezuela’s state-owned oil company, Petroleos de Venezuela S.A. (PDVSA). As such, it ultimately belongs to Venezuelan President Hugo Chávez, an avowedly anti-American leader who counts Fidel Castro among his closest friends and mocks President Bush as a “genocidal murderer…”
…Some worry that Venezuela’s ownership of more than 6% of U.S. refinery capacity gives Chávez, a former paratrooper given to wearing red berets and military fatigues, the power to cripple as well as comfort.
As Hurricanes Katrina and Rita demonstrated, any disruption to the nation’s refining industry instantly increases gas prices. What if Chávez, who periodically threatens to curtail oil shipments to the USA, closed Citgo’s refineries?
“He’d only have to do that for 90 days, and he’d destroy our economy,” worries Matthew Simmons, a prominent energy investment banker. “He actually has our livelihood in his hands…”
For the complete article copy this link: http://www.usatoday.com/money/industries/energy…
