Venezuela's bad investment mistake

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While third world types and lefties cheered Hugo Chavez's devilishly wild, book waving speech at the UN, many first world Americans calmly decided we don't need his oil.   These included the executives of 7—Eleven which decided to drop

Venezuela—backed Citgo as its gasoline supplier at more than 2,100 locations and switching to its own brand of fuel.

The retailer said Wednesday it will purchase fuel from several distributors, including Tower Energy Group of Torrance, Calif., Sinclair Oil of Salt Lake City, and Houston—based Frontier Oil Corp.

Ironically, many of the 7—Elevens and the accompanying gas stations are operated by Indians and Pakistanis, as whiningly noted by Senator Joseph Biden (D—DE). 

Nope, no racism or bigotry in his remarks but liberals will probably issue a gusher of complaints about the racism of Americans and the hardship this will cause the poor Venezuelan and American Citgo workers.

Citgo employees, whose company was acquired by Venezuela, are nearly all blameless, but Venezuela may wish to sell its investment at a low price now that it has seriously damaged the Citgo brand name. There are commercial consequences to being an outspoken hater of America and its leadership.
 
Ethel C. Fenig  9 28 06

While third world types and lefties cheered Hugo Chavez's devilishly wild, book waving speech at the UN, many first world Americans calmly decided we don't need his oil.   These included the executives of 7—Eleven which decided to drop

Venezuela—backed Citgo as its gasoline supplier at more than 2,100 locations and switching to its own brand of fuel.

The retailer said Wednesday it will purchase fuel from several distributors, including Tower Energy Group of Torrance, Calif., Sinclair Oil of Salt Lake City, and Houston—based Frontier Oil Corp.

Ironically, many of the 7—Elevens and the accompanying gas stations are operated by Indians and Pakistanis, as whiningly noted by Senator Joseph Biden (D—DE). 

Nope, no racism or bigotry in his remarks but liberals will probably issue a gusher of complaints about the racism of Americans and the hardship this will cause the poor Venezuelan and American Citgo workers.

Citgo employees, whose company was acquired by Venezuela, are nearly all blameless, but Venezuela may wish to sell its investment at a low price now that it has seriously damaged the Citgo brand name. There are commercial consequences to being an outspoken hater of America and its leadership.
 
Ethel C. Fenig  9 28 06