Chavez may be crazy, but at least he's not a greedy U.S. oil executive
Politics or Not, Bronx Warmly Receives Venezuelan Heating Oil
Citgo Petroleum Corp., which is controlled by the Venezuelan government, signed a deal with three Bronx housing nonprofits to sell 5 million gallons of heating oil at 45 percent below the market rate, an estimated savings of $4 million. The discounted oil will heat 75 Bronx apartment buildings, housing 8,000 low-income working poor and elderly tenants.
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Chavez has sold the discounted oil in two U.S. markets, New York and Massachusetts. Citizens Energy Corp., a Boston-based nonprofit cooperative, bought 12 million gallons at a steep discount after U.S. oil companies ignored its written plea for help.
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Americans face record prices for heating oil this winter, with a gallon selling for $2.41 -- a 38 percent increase from this time last year. Congress declined to provide additional funding for the federal Low-Income Home Energy Assistance Program, and Citizens Energy and other housing advocates expect that families, especially in the Northeast, will exhaust their benefits by Christmas.
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it did not escape the notice of tenants that a foreign government stepped in after Congress did not.
"The government should have done it," said Shirley Manuel, 52, a tenants' rights activist, wrapped up tightly in her wheelchair. "This is their country, this is their people -- they should be taking care of their own."
Citgo Petroleum Corp., which is controlled by the Venezuelan government, signed a deal with three Bronx housing nonprofits to sell 5 million gallons of heating oil at 45 percent below the market rate, an estimated savings of $4 million. The discounted oil will heat 75 Bronx apartment buildings, housing 8,000 low-income working poor and elderly tenants.
...
Chavez has sold the discounted oil in two U.S. markets, New York and Massachusetts. Citizens Energy Corp., a Boston-based nonprofit cooperative, bought 12 million gallons at a steep discount after U.S. oil companies ignored its written plea for help.
...
Americans face record prices for heating oil this winter, with a gallon selling for $2.41 -- a 38 percent increase from this time last year. Congress declined to provide additional funding for the federal Low-Income Home Energy Assistance Program, and Citizens Energy and other housing advocates expect that families, especially in the Northeast, will exhaust their benefits by Christmas.
...
it did not escape the notice of tenants that a foreign government stepped in after Congress did not.
"The government should have done it," said Shirley Manuel, 52, a tenants' rights activist, wrapped up tightly in her wheelchair. "This is their country, this is their people -- they should be taking care of their own."