Thursday, September 28, 2006

REACTIONARIES: You're Buying CITGO Every Day

UNITED STATES OF AMERICA--In an under-reported aspect of last evening's Reuters article, 7-Eleven is urging Americans not to boycott Venezuelan oil:


But 7-Eleven warned against a boycott, noting that Citgo supplies 14,000 retailers with gasoline and employs 4,000 people in the United States. "Americans with no substantive connection to Venezuela would be economically harmed by boycotts," 7-Eleven said. Oil analyst Tim Evas at Citigroup said it was unlikely political disagreements with Venezuela, which is the world's fifth-leading oil exporter, would cause Citgo to lose U.S. customers.

Yes, America would be hurt if there was a successful-boycott of Venezuelan oil, but there would be even more dire results. Gasoline would skyrocket, affecting many more than 4,000 jobs. Our economy would take a bigger hit than it has in the last six-years. Imagine gas at $6-7 dollars-per-gallon, and imagine the effect that would have on the price of essentials.

Fatheads like AFA don't really care about that, they're getting their faith-based support from the Bush administration in the form of money. They were against CITGO's heating oil programs, so it's obvious they don't care about average Americans. To the ultra-nationalist (with an overdeveloped will-to-power), the idea of boycott makes-sense--until reality sinks in. I think it already has. The boycotts are over before they started, and working-class people will buy CITGO because it's competitive and ubiquitous.'CITGO sells fuels to branded wholesale distributors, not directly to retailers,' states their site. In other words, you're pretty stupid to boycott a retailer who sells CITGO gasoline if you want to have any effect. In short, boycotts cannot accomplish anything against a commodity, especially from the fifth largest-exporter on the globe (soon, several-times-more than the Saudis). Americans need to reassess their loyalties and their concept of patriotism, it's in order.
http://www.citgo.com/BusinessOpportunities/GasolineDiesel.jsp

http://www.bloomberg.com/apps/news?pid=10000086&refer=latin_america&sid=a3i7Jw3mxo8c

http://www.adn.com/front/story/8214582p-8111809c.html