Venezuela’s Chavez Scraps U.S. Heating Oil Program (Update2)
By Steven Bodzin
Jan. 5 (Bloomberg) -- Venezuelan President Hugo Chavez, under pressure to maintain domestic social programs as his country’s oil income falls, ended a three-year-old program that provided heating oil to low-income households in the U.S.
Citgo Petroleum, the U.S. refining unit of state oil company Petroleos de Venezuela SA, is suspending deliveries of the oil “until further notice,” Joseph P. Kennedy II, president of Citizens Energy Corp., said today on his company’s Web site. Boston-based Citizens Energy handled logistics for Citgo’s program and will keep providing below-market-rate oil to some customers, he said.
Say, we have a lot of coffee out here in Hawaii!!!!!!!!!!!