Wednesday, September 27, 2006

7-Eleven, Fearing Boycott, Drops Citgo

DALLAS - 7-Eleven Inc. is dropping Venezuela-backed Citgo as its gasoline supplier after more than 20 years as part of a previously announced plan by the convenience store operator to launch its own brand of fuel.
Citgo is a wholly owned subsidiary of the government of Venezuela, led by the obese buffoon Hugo Chavez, whose antics at the UN recently included calling President Bush "the devil".
Citgo Petroleum Corp. is a Houston-based subsidiary of Venezuela’s state-run oil company and 7-Eleven is worried that anti-American comments made by Venezuelan President Hugo Chavez might prompt motorists to fill-up elsewhere.
Probably a valid concern.

Unfortunately, the effects of a boycott will probably be felt most by independently owned gas stations selling the Citgo brand. Nonetheless, not buying gas with the Citgo brand on it is seen as an important symbolic gesture by many Americans.

More on Citgo boycott here.