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Title: Chavez offers cheap gas to poor in U.S.
Source: cnn
URL Source: http://www.cnn.com/2005/WORLD/ameri ... havez.gasoline.reut/index.html
Published: Aug 24, 2005
Author: unk
Post Date: 2005-08-24 00:42:19 by tom007
Keywords: Chavez, offers, cheap
Views: 202
Comments: 12

Chavez offers cheap gas to poor in U.S.

HAVANA, Cuba (Reuters) -- Venezuelan President Hugo Chavez, popular with the poor at home, offered on Tuesday to help needy Americans with cheap supplies of gasoline.

"We want to sell gasoline and heating fuel directly to poor communities in the United States," the populist leader told reporters at the end of a visit to Communist-run Cuba.

Chavez did not say how Venezuela would go about providing gasoline to poor communities. Venezuelan state oil company PDVSA owns Citgo, which has 14,000 gas stations in the United States.

The offer may sound attractive to Americans feeling pinched by soaring prices at the pump but not to the U.S. government, which sees Chavez as a left-wing troublemaker in Latin America.

Gasoline is cheaper than mineral water in oil-producing Venezuela, where consumers can fill their tanks for less than $2. Average gas prices have risen to $2.61 a gallon in the United States, according to the U.S. Energy Information Administration.

Chavez said Venezuela could supply gasoline to Americans at half the price they now pay if intermediaries who "speculated ... and exploited consumers" were cut out.

Venezuela supplies Cuba with generously financed oil and plans to help Caribbean nations foot their oil bills.

Chavez, in Cuba to attend the graduation of Cuban-trained doctors from 28 countries, was seen off at the airport by Cuban President Fidel Castro. Washington has accused the two leaders of being a destabilizing influence in South America.

Chavez and Castro offered to give poor Americans free health care and train doctors free of charge.

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Begin Trace Mode for Comment # 5.

#5. To: tom007 (#0)

Venezuelan President Hugo Chavez, popular with the poor at home,but unpopular with the rich in the United States, offered on Tuesday to help needy Americans with cheap supplies of gasoline.

Exxon Mobil, the biggest oil company in the world, had after-tax profits of 26 billion dollars last year on its ongoing operations, up 52 per cent from 2003.

Chevron/Texaco had 13 billion dollars in profits, up 85 per cent from a year ago.

And Shell Oil had profits of 19 billion dollars, up 48 per cent from 2003.

That $2 per gallon of gas and those $400 a month heating bills? Right from our pockets to theirs!

Steppenwolf  posted on  2005-08-24   13:06:43 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 5.

#7. To: Steppenwolf (#5)

That $2 per gallon of gas and those $400 a month heating bills? Right from our pockets to theirs!

Let's get some rope. ;^)

BTP Holdings  posted on  2005-08-24 13:22:39 ET  Reply   Untrace   Trace   Private Reply  


#12. To: Steppenwolf (#5)

Exxon Mobil, the biggest oil company in the world, had after-tax profits of 26 billion dollars last year on its ongoing operations, up 52 per cent from 2003.

Chevron/Texaco had 13 billion dollars in profits, up 85 per cent from a year ago.

And Shell Oil had profits of 19 billion dollars, up 48 per cent from 2003.

Meaningless statements without a gross revenue to compare to. This might carry some meaningfull weight if the resultant revenue vs profit indicates their margins went from 8-10% to something like 30%...

Axenolith  posted on  2005-08-24 16:49:58 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 5.

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