Hugo Chavez Watch: 7-Eleven Dropping Venezuela’s CITGO
Kenmore Square and the landmark Citgo sign are seen from the roof of the John Hancock Tower in Boston on Monday, Feb. 13, 2006. Boston City Councilor Jerry McDermott wants to take down the famed sign in Kenmore Square in response to controversial remarks by Venezuelan president Hugo Chavez when he called President Bush ‘the devil’ during a speech at the U.N. General Assembly Wednesday, Sept. 20, 2006.
Convenience store operator 7-Eleven Inc. is dropping 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.
A spokeswoman for Dallas-based 7-Eleven said its 20-year contract with Citgo Petroleum Corp. ends next week. About 2,100 of 7-Eleven’s 5,300 U.S. stores sell gasoline.
Citgo is a Houston-based subsidiary of Venezuela’s state-owned oil company, and the foreign parent became a public-relations issue for 7-Eleven because of comments by Venezuelan President Hugo Chavez.
Good for 7-Eleven.
But, America needs to end its dependence on foreign sources of energy.
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Technorati Tags: 7-Eleven, Citgo, HugoChavez, Venezuela
One Comment
McKreck
I lived across the street from that sign when I was in college. As much as I hate Chavez, I’d hate to see it go. Can’t Chavez go instead? Maybe we could replace him with John Silber.