Hugo's Citgo a No-Go

Who questionned whether there was a Citgo boycott movement in the works? I hope the following isn't a suspected nazi plot but apparently there is
a boycott of Citgo "call."

Citgo criticizes calls for gasoline boycott

Last Update: 4:56 PM ET Oct 3, 2006

(This article was originally published Monday)

HOUSTON (MarketWatch) -- Citgo Petroleum Corp. on Monday criticized calls for a boycott on its gasoline that followed Venezuelan President Hugo Chavez's attacks on U.S. President George W. Bush at the U.N.
In a press release, the U.S. refining arm of the Venezuelan state oil company said that the calls "run counter to the principles of a free-market economy, so cherished by all Americans" and "are being pushed in search of political and economic gain."

The boycott campaign ignores "the implications that such an action would have on American businesses and the American public," the statement said.
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http://www.marketwatch.com/News/Sto...70626C2-EF73-42FA-90E4-41B7F77659B1}&keyword=
 
SteveGrenard said:
Who questionned whether there was a Citgo boycott movement in the works? I hope the following isn't a suspected nazi plot but apparently there is
a boycott of Citgo "call."
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Didn't Hannity or one of the AM talk radio guys advocate that after Hugo gave his rant at the UN? Heard that was the case, but didn't actually hear it on the radio.

DR
 
I would probably stock up on gas for 5 years. I have a big basement. Maybe I'd sell some of it at Shell or BP.
 
Speaking of which, this year, more than any other year since I started paying attention to gas prices, there is severe disparity even locally.

I can see $2.07 in one place, $2.14 in another, and $2.29 down the road. In the past, I'm used to most local gas stations being within a penny or two of each other. What accounts for it? Economically, this shouldn't happen unless there's a variable I'm not aware of.
 
Huntster said:
Good for you, I guess.

If it were up to me, you'd go without gas altogether.
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Spoken like a true idiot, along with the other idiots who are calling for a boycott.

So everyone stops going to Citgo. Does this mean that Venezuela stops selling gasoline? No. They simply sell it wholesale to the other retailers. It still gets to the market.

Who gets hurt by a boycott? The thousands of U.S. employees of Citgo. Americans, not Venezuelans. I bet many of these people voted for Bush. Well, maybe that will console them when they lose their jobs. And some of them will find other employment quickly, but many others will not. So the unemployment rolls increase. Moral: Once again, U.S. cuts off its own nose to spite its face.
 
Sally said:
I actually go out of my way to buy my gas at Citgo.
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Sally, you'll forgive me if I don't look you in the eyes.

Oil is fluid, well, yeah, no, that's not what I mean, I mean it doesn't matter where you buy your oil from. So long as you buy oil you increase the market for it. If America stopped buying mid-east oil it would simply increase the pressure for oil from all other sources which would drive up the price and the other producers would shift there production to us causing a shortfall in other world markets. Mid-east oil would simply be diverted to these markets and eventually the market would stabilize.

The only way you could theoretically have any effect is to stop using oil altogether (but let's face it, your consumption is statistically insignificant).

Still, if it's the thought that counts...
 
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