Simply Politics & News

[AKvetch]

One way to get even with chavez...we can destroy him by not using his oil

Wishful thinking. Excerpt from Snopes...

Neither a "buycott" nor a boycott is likely to accomplish much beyond the symbolic. In the first case, the Citgo brand (marketed by Citgo Petroleum Corporation, which has been owned by Petróleos de Venezuela,
the national oil company of Venezuela, since 1990) doesn't have nearly enough presence in the U.S. to satisfy demand; in the second case, boycotting a gasoline brand over political issues is problematic for a number of reasons (not least of which is the notion that threatening not to buy gasoline from someone who is threatening not to sell it to you doesn't sound like an effective ploy for either side). For one thing, although Citgo may be owned by Petróleos de Venezuela, it is a formerly American company which is still headquartered in the U.S. (in Houston, Texas), employs 4,000 people, and supplies 14,000 independent retailers with gasoline and other petroleum products — Americans with no substantive connection to Venezuela who would be economically harmed by such an action. And, of course, in today's oil market Citgo's products will continue to find buyers whether or not they're purchased by Americans.


Full article: http://www.snopes.com/politics/gasoline/citgo.asp