Venezuela to Sell Cheap Oil to U.S. Poor
The Associated Press
Friday, November 18, 2005; 7:57 PM
CARACAS, Venezuela -- Venezuela will soon begin selling heating oil at
discount prices to poor communities in Boston and New York, following
up on a promise by President Hugo Chavez, Venezuela's state oil company
announced.
Citgo, a subsidiary of Venezuela's state-owned oil company that runs
roughly 16,000 gas stations in the United States, will offer fuel at
discounted rates in Boston as early as next week, according to a
statement posted Friday on the company's Web site.
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In Boston, up to 1.2 million gallons of discounted heating oil will be
offered, for a total savings of $10 million, the statement said.
Heating oil will be sold later in the Bronx, a New York City borough.
The statement said the distribution of the discounted heating oil will
be organized with the help of local nonprofit organizations.
Chavez often blames the plight of the poor on unbridled capitalism and
strongly criticizes the Bush administration for failing to reduce
poverty in the United States.
Although tensions between the United States and Venezuela have
increased since Chavez was elected in 1998, the oil-rich South American
country remains a major supplier of fuel to the United States.
Chavez offered cheap heating oil for poor U.S. communities in August
following a meeting in Caracas with the Rev. Jesse Jackson.
Venezuela, which has the largest oil and natural gas reserves outside
the Middle East, is the world's fifth most important oil exporter and a
founding member of the Organization of Petroleum Exporting Countries.
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