7-Eleven Dropping Venezuela-Backed Citgo

Discussion in 'Economy' started by CrimsonWhite, Sep 27, 2006.

  1. CrimsonWhite
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    CrimsonWhite *****istrator Emeritus Supporting Member

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    7-Eleven Dropping Venezuela-Backed Citgo

    DALLAS - 7-Eleven Inc. is dropping Venezuela-backed Citgo as its gasoline supplier after more than 20 years as part of a previously announced plan by the convenience store operator to launch its own brand of fuel.

    7-Eleven officials said Wednesday that the company's decision was partly motivated by politics.

    Citgo Petroleum Corp. is a Houston-based subsidiary of Venezuela's state-run oil company and 7-Eleven is worried that anti-American comments made by Venezuelan President Hugo Chavez might prompt motorists to fill-up elsewhere.

    Chavez has called President George W. Bush the devil and an alcoholic. The U.S. government has warned that Chavez is a destabilizing force in Latin America.

    "Regardless of politics, we sympathize with many Americans' concern over derogatory comments about our country and its leadership recently made by Venezuela's president," said 7-Eleven spokeswoman Margaret Chabris.

    http://www.comcast.net/news/index.jsp?cat=GENERAL&fn=/2006/09/27/486226.html
     
  2. Mr. P
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    Mr. P Senior Member

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    That's my opinon too...But then it's a good thing regardless of the why.
     
  3. Hagbard Celine
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    Hagbard Celine Senior Member

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    "Venezuelan backed?" The Venezuelan government owns Citgo. For that reason I never buy gas there. Good move by 7-Eleven.
     
  4. trobinett
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    trobinett Senior Member

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    You can add my voice to those that support 7-11's move.

    :clap: :clap: :clap:
     

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