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To: jude24
Not only that but as a commodity, gasoline you buy at a CITGO Station comes from the very same source as gas you buy at an Exxon Station.

It seems some people believe that Hugo's Brother in Law drives a CITCO Tanker from Venezuela to their neighborhood gas station and fills up the tanks under the gas station.

The fact is that around 20% of the gas you buy is from Venezuela and the money goes into Hugo's pocket.
44 posted on 09/20/2006 2:22:12 PM PDT by trumandogz
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To: trumandogz
Not only that but as a commodity, gasoline you buy at a CITGO Station comes from the very same source as gas you buy at an Exxon Station.

That isn't quite what CITGO says on their web site. They refine much of the oil they pump, and they do indeed send it here in tankers, as both oil and refined products.

Occidental Petroleum bought Cities Service in 1982, and CITGO was incorporated as a wholly owned refining, marketing and transportation subsidiary in the spring of the following year. Then, in August, 1983, CITGO was sold to The Southland Corporation to provide an assured supply of gasoline to Southland's 7-Eleven convenience store chain. In September, 1986, Southland sold a 50 percent interest in CITGO to Petróleos de Venezuela, S.A. (PDVSA), the national oil company of the Bolivarian Republic of Venezuela. PDVSA acquired the remaining half of CITGO in January, 1990. With a secure and ample supply of crude oil, CITGO quickly became a major force in the energy arena.

That "secure and ample supply" is in Venezuela.

77 posted on 09/20/2006 7:42:25 PM PDT by El Gato
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