Venezuela owned CITGO

[Scarecrow]

to stop selling gas to 1,800 gas stations in the USA. Your thoughts or ideas?

http://www.fayettevillenc.com/article?id=237376

[wyndhy]

that a lot of people will be unemployed. will citco still be based in huston? or will that change as well?

[wyndhy]

dude...your link ain't linkin' :D

[Scarecrow]

dude...your link ain't linkin' :D :huh:

Sorry, it works now. There was a missing LINK :)

[wyndhy]

*groan*^^^




ya know, i read that original post as "at 1800" not "to 1800" so i guess there won't be too many unemployed after all. :o

i don't think it's political, either. just business

[lizzardbits]

Oh boy, that affects one staion here in town, and affects a friend of my brother up in northern Iowa. I hope that it doesn't shut them down, as I always buy from the one in town, and the one up north. The gasoline brand I can care less about...it is the ma and pop's gas stations and trying to buy at local businesses that has me concerned.

*bites tongue in talking about bush and politics*

[Lilith]

They will just have to purchase gas from another distributor.

[Scarecrow]

They will just have to purchase gas from another distributor.


The big question is who will they buy it from. They keep saying the refineries are all putting out as much as they can. If CITGO (with 3 refineries) stops selling to them where will the gas come from?

[Booger]

The big question is who will they buy it from. They keep saying the refineries are all putting out as much as they can. If CITGO (with 3 refineries) stops selling to them where will the gas come from?

I would assume that sence they are purchasing 130,000 barrels a day from third parties to supplement what they are short the third parties will have extra gas on their hands to sell.

[Scarecrow]

I would assume that sence they are purchasing 130,000 barrels a day from third parties to supplement what they are short the third parties will have extra gas on their hands to sell.



Thats 130,000 barrels of unrefined crude oil, not gas.