A Sea Of Red

Not Good.

Venezuela's State Oil Company Halts Oil Sales to Exxon Mobil


CARACAS, Venezuela (AP) -- Venezuela's state oil company said Tuesday that it has stopped selling crude to Exxon Mobil Corp. in response to the U.S. oil company's drive to use the courts to seize billions of dollars in Venezuelan assets.

Exxon Mobil is locked in a dispute over the nationalization of its oil ventures in Venezuela that has led President Hugo Chavez to threaten to cut off all Venezuelan oil supplies to the United States. Venezuela is the United States' fourth largest oil supplier.

Tuesday's announcement by state-run Petroleos de Venezuela SA, or PDVSA, was limited to Exxon Mobil, which PDVSA accused of "judicial-economic harassment" for its efforts in U.S. and European courts.

PDVSA said it "has paralyzed sales of crude to Exxon Mobil" and suspended commercial relations with the Irving, Texas-based company.

http://biz.yahoo.com/ap/080212/venezuel ... .html?.v=9

Weren't we boycotting them anyway?

That was Citgo if I'm not mistaken. I figure they're all corrupt so I just go the the one which is most convenient for me. Since Citgo is a block from my condo, that's where I usually go...

i always do either BP or sheetz. BP runs better in my truck but sheetz is cheaper and more convenient

adam42381 wrote:That was Citgo if I'm not mistaken. I figure they're all corrupt so I just go the the one which is most convenient for me. Since Citgo is a block from my condo, that's where I usually go...

Well, they're not all corrupt, but Citgo is owned by the actual country. That's why you shouldn't go there.

Citgo is actually also selling oil that isn't theirs, from what I understand. When the country nationalized their oil, they took over oil refineries and drills that didn't belong to them, so in a sense they stole it. Now they have those commercials with Joe Kennedy advertising free oil for poor people. I am cool with giving oil to the poor, but not if it is stolen from legitimate businesses.