Wednesday, September 27, 2006

7-Eleven Drops Citgo

Heard this on Brit Hume tonight...more from Yahoo News:

DALLAS - 7-Eleven Inc. dropped Venezuela-owned 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.

7-Eleven officials said Wednesday that the decision was partly motivated by politics. 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.

Chavez has called President George W. Bush the devil and an alcoholic. The U.S. government has warned that Chavez is a destabilizing force in Latin America.

"Regardless of politics, we sympathize with many Americans' concern over derogatory comments about our country and its leadership recently made by Venezuela's president," said 7-Eleven spokeswoman Margaret Chabris.

Others are less than convinced that the switch has anything to do with politics:

"This has nothing to do with Chavez," said Oil Price Information Service director Tom Kloza. "They (7-Eleven) just didn't want to be tied to one supplier."

Kloza said all 7-Eleven did was seek out suppliers who could sell it the cheapest fuel and "that was not Citgo."

"Certainly Chavez's position and statements over the past year or so didn't tempt us to stay with Citgo," she added.

Well, at least now I don't have to boycott 7-Eleven, but all the rest of you Citgo sellers are still on the list...

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