U.S. retailer 7-Eleven dropping Venezuela-backed Citgo as its gasoline sup

They will probably still sell it the US distrubators.

nt

Shell supported Botha and apartheid in South Africa for years. They continue to fund murderous activities in places like Nigeria.

I might buy a pop or something from the Shell station near work, because the individual owners are not responsible for such things, but I won't buy any of the Shell products-gas, oil, other auto fluids.

they and BP seem to be the high price stations.

comes from far nastier places than Venezuela.

I have a full service one not far from me. There's something nicely retro about having someone else fill the tank for me, AND clean my windows and offer to check the oil.

7-11 is STUPID. CITGO has good wholesale prices, and they're the last to bump up. But no worries--it's not like CITGO will fret losing the customer. When things get tough, though, they might not be so quick to take them back.

Not only CAN you still get full service, but you can ONLY get full service.

I may be wrong, but I think we may be the only state where the consumer is still prohibited from pumping his own gas.

It's mighty nice. :)

Often they're small garages, where it's just safer and easier to let the customers stay in the doggone car!

my car window at a little place in Wisconsin. Didn't know it existed.

711 was distributing Citgo gas.... but Citgo will still provide Citgo gas.


I'm going to write them.... now I am down to Citgo and CostCo.

I guess now I'll only go to Costco to get gas.

How about no one! (Hey, now there's a revolutionary thought!) :think:

I know, it's nearly impossible for most of us to go completely gasoline-free, but everyone (including myself) can do better. Walk places or use public transportation instead of driving. Invest in a bicycle. Carpool more often. Consider getting a hybrid (one Toyota model gets more than 60 mpg). Cut down on the use of plastics.

The benefits are four-fold:

1. You'll be cutting down your consumption, saving you big bucks. You can then spend that money on something else, which helps the economy.
2. You'll be creating less emissions, which is better for the environment and helps prevent global warming.
3. You'll be sticking it to * and his oil cronies.
4. You'll be doing all this while you get more exercise and improve your health! :)

I guess it doesn't apply if it is Venezuela. But it is A OK to sell our largest ports to Al-Qaeda money launderers.

make a coup successful. They crave their OIL! Therefore, sure A OK to boycott.

They felt it was more of a PR problem having Citgo suply the gas, so they made a switch.

Hate to break it to you, but even among Democrats, there are more people who dislike Hugo than like his antics.

Viva 7-11!

I will no longer buy there. got a problem with that?

Your choice.

Less of a line when I stop and get my Slurpee and Skittles on the way home from work.

You have a trip to Disney in your plans, but two months ago you hadn't, right?

It was the usual Disneyland. Crowded.

choose another supplier.

How incredibly obtuse amerikan people are, and so poorly informed.

The cozy relationship between "free market capitalism" and fascist states was well established in the 20th century. The "free market" (in quotes because it is a mythology and based on fabrications and distortions) loves dictators and totalitarian states.

As long as the $ is extolled, and the worth of the individual is denigrated, as in the US of A, big oil, big pharma, big hospital, big agriculture, big media and big brother will rule.

Well, hot damn, at least none of the above are nationalized -- or even seriously watched over by the state! (a little sarcasm)

And those who have forgotten the past are condemned to repeat it.

of suppliers. There's an Exxon station in front of where I work and a Shell station two blocks down.

stopped supplying gas to most of the US. Citgo chose not to renew and 7-11 had to find a different supplier.

so where do you come up with that?

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=2532606&mesg_id=2532671

7/11 is trying to spin this.

I thought this had to do with supplying its own Citgo branded stations. If I read correctly, they will still sell gas on the open market to other fuel retailers, maybe I'm reading incorrectly.

instead of stations that are branded as Citgo. Every 7-11 that I've been to have been citgo branded gas stations. All they have to worry about is the wholesale end rather than the retail end now. So in other words, their gasoline will be sold to other stations just not their own.

My comments are about how tin-horn Hugo is such a big deal to some folks around here, and not most others. As long as I don't buy my gas from Exxon, I am happy. But nowadays, you really never know who you get your gas from with all the distributors selling to each other.

Maybe one day I won't have to buy gas from anyone and can have my little bio-diesel still in the backyard.

But alas, Cheney and dare I say Hugo wouldn't like that now would they. Gota keep those oil dollars coming in to keep Rummy and Cheney off on thier little crusades and Hugo can keep a fresh supply of nice red shirts and tin-horns.

Cheney and Hugo, so different yet so similar. One cannot exist without the other.

you'd realize it does NOT refer to anything you said.

7-11 is not renewing the contract, which is up next week or whatever.
7-11's choice to be distanced from a crackpot tinhorn leader like Hugo and State-run Citgo.
good choice IMO.
...Citgo stations in my area have had a noticable decline in the last 6 months or so since the word spread
about Hugo's preference to globally lock the price per barrel at $60....

thanks for the info

keep the supplier? 7-11 is trying to look like they decided to change suppliers which in a way I guess could be seen as a truth-y statement. You think the person writing the article did more than transcribe a press release from 7-11?

Yellow Press? Not here! Nope! Nothing of the the sort!:sarcasm:

fuel to poor US communities. It is a public embarrasment that the US cannot (or will not) provide relief for its own citizens, so US oil companies are putting pressure on Citgo as punishment.

Market forces at work means that you buy from the lowest cost source, regardless of their politics -- that's how the repubs can justify WalMart, the pinnacle of consumer capitalism, buying all its product from communist China.

This flies in the face of market forces. It is a purely political statement. And if they claim it's because they are losing business from people who refuse to buy from Citgo, I would wager they are lying, evidencing the numbers I know who will not buy from anywhere but Citgo due to not wanting to fund the texas oilmen in the whitehouse. Truth be told, I suspect that Citgo has been doing very well because of that.

And, BTW, Bush IS the devil.

:sarcasm:

And I also hope that some liberal group buys controlling interest in 7-11 and turns it into an anti-devil machine, who's main purpose it to constantly humiliate the bushco family. Fire all of the publican workers, and replace them with Dem workers.

7-11 buys their oil somewhere else, Venezuela sells their oil somewhere else. Total supply and total demand for oil remains the same.

It is just a stupid "loyal to Bush" PR move. I was going to say goodbye to 7-11, but we don't have on around here.

By the way, "free market" means buying from or selling to whoever you want, among other things, so 7-11 and Venezuela can buy/sell however they want.

Bidding on a limited supply from alternative sources will cause upwards pressure on oil and gasoline prices as a whole.

of gas should go up. Now that the oil and gas that 7-11 buys for its stores will come from another supplier. This increase in demand may encourage this supplier to increase its prices, unless Venezuela sells its newly available oil to someone who used to buy from 7-11's new supplier. I imagine that Venezuela will sell the oil that they used to sell to 7-11 to someone, so the overall supply of oil will remain the same.

The overall supply of oil remains the same, but now less suppliers will have more demand for their product causing upward pressure on the price. The entire market will respond to the pressure since the product is finite.

because one of the competitors was out of the picture, I agree with you. Nationally and internationally it won't matter whether 7-11 buys their oil from Venezuela or Saudi Arabia or Canada. Saudi Arabia and Canada can't make 7-11 pay more for a barrel of oil, because it is a commodity and its price is whatever it is. (If Kansas won't sell my wheat, there are 20 other states that will.) So 7-11 is not hurt.

Likewise Venezuela is not hurt. If 7-11 starts buying their oil from Canada, Canada has to reduce its sales to some existing customer, since the country is probably already producing as much as it can, or has agreed not to produce any more than it does to help the price. Venezuela simply steps in and sells what was its 7-11 oil to the customer whom Canada just cut off. (Of course, it is more complicated than this in reality, but that is the principle.) Supply and demand don't change and the global price of oil won't change because of this.

still refining a certain amount of gasoline and that gasoline is still making it to the US market. You just won't be pumping it out of a Citgo gasoline pump any longer.

My understanding is that refining location has more to do with distance/transportation than what brand is on the pump.

And yes, oil companies do buy and sell from one another. Mike Right of AAA Missouri says, "If a company has a station that can be served more economically by a competitor's refinery, they'll do it." snopes

All the brand on the pump tells you is which addative package is in the fuel.

choosing to buy gasoline from another supplier

anymore to 7-11.

But we've come to expect as much from you...

I go there every work day but no more...

every morning. no more...

When I read that my first thought was that you meant cigarette papers and I was going to say, "Dude, you need cut way back!"

Then I realized you must have meant newspapers.

My bad. :)

Oh well. The more places/products I boycott, the easier it gets. My sister travels for work and makes it a point to buy Citgo gass in order to support Chavez. They are going to lose several thousand dollars a year now from her alone.

US anyways. My 7-11 switched from Citgo almost immediately after that. I think this is 7-11 just doing what it had to do. If Citgo isn't supplying gas anymore, what can they do?

Here's an article from last July:

http://biz.yahoo.com/ap/060712/venezuela_citgo.html?.v=3



With the 7/11 contract coming up, Citgo didn't renew.

the article says they decided to stop distributing to 1,800 independent stations, while still meeting its service contracts at 13,100 Citgo-BRANDED stations across the U.S.

Like any business, they've done some realigning to shed underperforming segments, nothing more.

Then there is this article from two years ago: http://www.bloomberg.com/apps/news?pid=10000086&sid=aP3vwKnY0rNU&refer=latin_america

Petroleos de Venezuela already sold off it's interest in the Houston refinery: http://www.signonsandiego.com/news/business/20060815-1031-venezuela-oilrefinery.html

The only news is 7/11 trying to spin this as them dumping Citgo, when it's the opposite.

We said/They said.

no way!!

Good point

oh but rest assured they have Maxim FHM and the booty mags :eyes:

I'm surprised that 7-11 is even still around now. 20 years ago there
seemed to be a 7-11 on almost every corner here in Florida. Then
Southland (the company that owns 7-11) lost their liquor license for
selling to underaged individuals, had to sell their dairy company
(Velda Farms), and basically disappeared from all of the street corners.

Citgo was the one thing 7-11 still had going for it.

I believe our Citgo's around here now are mostly independently owned
and operated. At least the Outposts seem to be, anyways...

:puke:

Like the used motor oil it was refined from

This means nothing.

I bet that 7-Eleven will have to pay more now. Idiots.

(FYI: I'm no big fan of Chavez)

You can now get their gas from the 7-11 brand burritos

"More gasoline for us."

Sub-thread removed by moderator. Click here to review the message board rules.

Hess Corporation

$156,250 to Democrats
$3,000 to Republicans
$0 to Others
$159,250 in Total Contributions

Hess Corporation (formerly Amerada Hess) has what it takes. The integrated oil and gas company conducts exploration and production in Denmark, Gabon, Norway, the UK, and the US; it also operates in Indonesia, Thailand, and other countries. Hess' proved reserves total 646 million barrels of oil, and 2.4 billion cu. ft. of natural gas, and it has gained assets in West Africa, Latin America, and Southeast Asia by buying exploration and production company Triton Energy. It operates a 50%-owned refinery (HOVENSA) in the US Virgin Islands and a smaller one in New Jersey, and it markets gasoline through 1,354 HESS gas stations, chiefly in the eastern US.

More:
http://www.buyblue.org/node/197/view/summary

Venezuela sells America one fifth of all foreign oil products. If they quit do you think that will effect the US economy? Things are starting to get very interesting...

If Venezuela sold that oil to another country, we would simply buy the oil that that country had been buying from whatever country was selling it.

Now if Venezuela reduced its exports overall, especially if the other oil producers did the same, that would affect our economy, and that of the rest of the world, greatly.

China will gladly gobble up any oil they can get from any source and not sell a single bit back to anyone. Both China and India are crying for oil and they are about to get a bunch more at America's expense because of the GOP and Bush* mainly. That really makes America safer doesn't it?

My 77 y.o. dad buys his gas from 7-11 because it's Citgo (and the cheapest gas in the area). He thinks Chavez is a bit of an egomaniac, but he likes him. Castro, too.

I recently helped set my parents up with a laptop and DSL and I know that my dad has been checking out DU. I don't think he's registered yet, but it'll happen.

so this would only appy to the 7-11s owned by 7-11 and franchises not owned by Citgo. I could be wrong about this.

:rofl:

This had to have been in the planning stages for some time.

Better that my hard-earned $$s were going into my gas tank to help a 'commie pinko' socialist state (yeah, how inhumane for oil profits to help the poor of Venezuela) than to fleece the pockets of the multi-national mega-rich and the ultra-corrupt Saudis. For once, I felt my gas money was actually doing something worthwhile besides getting me from points A to B and polluting the planet...

EAT POOP, 7-11! The instant I do not see the Citgo brand on your gas pumps, you will no longer see me.

Wow. Talk about an overreaction. If corporations cave that easily over threats from boycott campaigns, I've got some ideas.

On second thought, never mind. My ideas aren't rooted in mindless nationalism. They'll never get any play in the media.

Sequoia too, does that mean Nevada is dropping them for voting machines??

Go to 7-Eleven's website (http://www.7-eleven.com/default.asp), go to the tab 'Contact Us', which will lead you to options to contact them. This is what I said:

Dear Sir or Madam,

I am writing this in response to today's news that 7-Eleven stores will no longer carry Citgo gasoline. For over two years, I have been purchasing Citgo gas from 7-Elevens *exclusively*. Bear in mind that with current gas prices, my gas purchases are a significant portion of my income. I want you to know that if this story is true and I no longer see the Citgo sign at your locations, you will lose my business.


Sincerely,
*****
Seattle, Washington, USA

Hate to break it to the idiots running 7-11 but *now* they have an image problem.

:bounce:

and I don't doubt it. I think Chavez is reducing his American assets in case of a freeze on them by the American government. If he has no American assets, he can cut off oil to the US or reduce the amount shipped with very little direct financial worry. Remember that Venezuela has already shifted all of their foreign reserves to non-US banks and to the Euro.

Venezuela being the only democracy in OPEC. Oh well. Guess I'll just stick with Costco now, at least as a retailer I like how they do business.

out.

many on this board would prefer to boycott and cause financial distress to an American business, suppling jobs to workers at 2100 locations across the country, because they as a business are exercising their right in a FREE market to choose with whom they do business. Instead they seem to prefer to support Chavez, a small-minded, politically-oppressive, tin-horn.
Makes me scratch my head.

Do you think people are going to stop buying gas altogether and/or stop eating hot dogs and cokes (or whatever 7-11 sells), or are they going to just buy from a different but politically preferable "American business"?

That's the beauty of the system. Consumers decide where they spend their hard-earned money. My comment was simply pointing out that some within this thread seemed to want to do financial harm to a company employing a couple of thousand employees (many who work just under the 40 hour workweek requirements for health benefits...i might add. 7-11 made this decision many months ago, so the decision had nothing to do with Chavez thuggish retort at the UN last week (as some have also asserted) Why boycott a company exercising their right (PR or otherwise) to find a different vendor for them to utilize? Methinks such a boycott would be sporadic at best, and a failure at least.

it makes me feel better anyway.

An exact duplicate of post #83.

Makes me scratch my head.

The password is: "Astroturf".

That's the "FREE market" at work, right?

7-11 is ditching Citgo for ideological reasons, I don't see why you'd have a problem with people ditching 7-11 for the same reason, albeit from the opposite side.

Your argument to consequences, i.e. that a boycott would cause "financial distress" to a business supplying jobs to workers, holds about as much water as asserting that we have to shop at Walmart because they're a big (the biggest?) employer, too. Try that posting that in GD sometime.

1) We're not talking about Walmart, though, are we?
2) If we were talking of Walmart, then let's also weigh the differences between the two entities.
a)Walmart for the most part is suburban based catering to a select market (ie: not many downtown that I know of)
b)Convenience stores, be as what they may be, are located in a more urban environment centered where the people are in cities and such. Many of those who work there are barely scraping a living. Many lower income starting wage families I have known (I was one, btw) actually do their grocery-shopping their because of the convenience instead of traveling the 10-20 blocks to the nearest grocery-store. For them, the local small 7-11 helps on their daily needs.
- not saying that's the smartest way to shop, but circumstances sometimes warrant. I wonder what happens if that store goes out....let's pony up another 20 bucks a week in bus fare, instead of being able to walk.

1) we're talking about choices in a nominally free market -- whether or not that includes Walmart is debatable, given their business practices, but I bring them up as a reductio ad absurdum to your argument ad consequentiam. People are free to shop or boycott where and how they please, and my point is that raising the spectre of financially damaging a business through a boycott is hardly a reason not to boycott that business -- in fact, that's the intended short-term result!

2) 7-11 is but one variety of quick-e-mart that people may choose to patronize. Typically, in cities I've inhabited and visited, there are many types of convenience stores available. If one local 7-11 goes under, that doesn't automatically mean people have to pay more for access to groceries. The store may be picked up by another chain or even a truly local owner. Or, perhaps, a boycott has its desired effect, and the business changes its policies before a single store is closed.

...http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=2532606&mesg_id=2533141

Where did you copy and paste that from originally? Free Republic perhaps? :shrug:

Are you going to copy and paste your answer as well?

I meant to post the reply from the OP, which I did on the next attempt, but unfortunately had already commited to the posting off of the 2nd thread (# 83).
My question to you: What does it matter?

And on another note...Small minded, responses can be found from both sides, as I've noticed. What opinions I post are mine alone (sans copy+paste) thanks! Nice way to try and deter from my original comment, however.

there are several Conoco's in my neck of the woods....

All Things Considered show

ADIOS, 7-Eleven !!!!!! I've been buying CITGO exclusively for the past year or so, so you've lost my business

and elsewhere

contract was up with Citgo.

Goes bankrupt and folds it's tent. Then, Chavez can buy these up at rock bottom prices to reassert control. Viva Chavez!

Where they behead people in the streets, and would rather watch a building full of girls burn down then let them go out into public uncovered.

Hooray, great victory!

suck this slurpy....

I will continue searching out Citcos and I won't shop at 7/11 (not sure they have them anyway where I live in Texas).

But you still must admit that from a perspective of looking out for Venezuela and making things work in the international system he has done no better for his countrymen than Bush has for Americans. His big mouth has probably lost Venezuela a seat on the UN Security Council where he really could have had real influence.

out of Texas,the reason Chavez is called a demon,he looks out for the oppressed people in his country(the non whites),people don't be fooled by the government controlled press in this country.

idiot? I don't buy it. He has done nothing good for the long term outlook of his country. By dealing with Iran he is moving toward isolation for his country from everyone. This does nothing for his people small or otherwise.

http://www.csnews.com/csn/search/article_display.jsp?schema=&vnu_content_id=1002984682&WebLogicSession=RQmQOtB6TckvIQ2dl8Vjqd2oC9zB8SD1Yk3p4mVQzhM1sOO6ukHm%7C67918247378881542/168887091/6/7005/7005/7002/7002/7005/-1

DALLAS -- 7-Eleven Inc. is rolling out its own brand of gasoline in anticipation of the expiration next month of its 20-year contract with CITGO Petroleum Corp. CITGO recently announced that it is cutting 14 percent of its 13,000 service-station network across 10 states, including Texas where the c-store giant is headquartered, and selectively in four other states.

Tower Energy Group of Torrance, Calif., an independent petroleum wholesaler that distributes unbranded gasoline and diesel to stations in the Western United States, is currently supplying 25,000 barrels a day to about 800 7-Eleven stores -- both company-owned and franchised -- according to Tim Rogers, Tower's president and CEO.

Come September, that supply will increase by 95,000 barrels a day to approximately 2,500 7-Eleven stores. Forty-two percent, or 2,497 of 7-Eleven's 5,879 U.S. locations sell fuel, according to the 2006 Directory of Convenience Stores compiled by TradeDimensions.

"The agreement is very similar to what CITGO is supplying them. But rather than sell the CITGO brand, it will be the 7-Eleven brand, which is as strong a brand as any other," Rogers told Convenience Store News, adding that Tower has been 7-Eleven's supplier since 1992 in the U.S. Rocky Mountain West region.

Rogers declined to say what other c-store chains Tower currently supplies, but noted that the company is a 76 distributor in five Western states, the Exxon distributor for Arizona, and parent company of Tower Mart, a chain of 40 neighborhood grocery stores in Northern California.

Former 7-Eleven CEO Jim Keyes reported to shareholders in April 2005 that the chain was considering creating its own fuel brand. At that time, Keyes also told The Dallas Morning News that the company had been talking to independents and all the major oil companies, including ChevronTexaco Corp. 7-Eleven began a co-branding test with ChevronTexaco in June 2003 in Texas, California and Florida, with 11 7-Eleven stores selling Chevron gasoline and nine Chevron stores converting to the 7-Eleven format.

7-Eleven spokeswoman Margaret Chabris told Convenience Store News that the retailer is not ready to talk in-depth about its gas branding program until after the CITGO deal expires.

The main advantage of buying unbranded fuel is price. A company's ongoing costs will be lower with unbranded versus branded, said Tower's Rogers, in addition to the benefits of better service and the ability to control its own destiny.

For the most part, 7-Eleven's plans are being met with optimism among its licensees and franchisees. About 3,300 of the chain's more than 5,800 stores in North America are operated by franchisees, and approximately 430 are operated by licensees.

"I think it's a good decision. CITGO is a good brand, but it wasn't the best," said Ed Denario, a franchisee and U.S. senior vice president for 7-Eleven Franchisees in Long Island. "We (7-Eleven) have such a strong brand and a strong logo. We have the strongest brand in the convenience store industry. I think customers will accept it with no problem."

Shell/Chevron were tapped to potentially become joint-venture locations - now dropped.

7-Eleven going back to its unprofitable, bankrupt late 80's strategies.

HOUSTON (Reuters) - 7-Eleven Inc. will drop Venezuelan-controlled Citgo Petroleum Corp. as its gasoline supplier, the convenience store operator said on Wednesday, a week after Venezuelan President Hugo Chavez called President Bush "the devil." ...
http://today.reuters.com/news/articlenews.aspx?type=domesticnews&storyID=2006-09-27T183442Z_01_N27410444_RTRUKOC_0_US-ENERGY-7-ELEVEN-GASOLINE.xml

See what happens when you call our president "The Devil."

Everything they sell is overpriced anyway.

Oops, I will buy my overpriced conveniences elsewhere scumbags!
And I will go out of my way to find Citgo gas!

I'll never buy from Citgo as long as Fidel's butt-boy is running the show there.

I'd just said this in another Citgo-related thread the other day:

There's no CITGO close by me here, but I get great pleasure out of filling up at the CITGO everytime I leave the home of my one Republican friend down in VA.
:rofl:
It IS the little things in life that make us happy. :)

And the Citgo in VA that I referenced IS at a 7-11. Argh.
How did they know? :grr:

according to the 7-Eleven website:

"On November 9, 2005, Seven-Eleven Japan Co., Ltd., a company organized under the laws of Japan, announced that through its wholly owned subsidiary, IYG Holding Company, a Delaware corporation, it had completed its tender offer to purchase all of the issued and outstanding common stock of 7-Eleven, Inc. that it did not already own. As a result, 7-Eleven, Inc.'s common stock will no longer be publicly traded, on the New York Stock Exchange or otherwise. Thank you for your interest in 7-Eleven."

https://www.7-eleven.com/investing/investing.asp

is IYG Holding Company the same as Seven & I Holding Company?
http://www.7andi.com/en/

SEC filing
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
http://www.sec.gov/Archives/edgar/data/92344/000110465905055467/xslF345X02/a4.xml

I would think the decision would come from the top.
That would be in Japan.

Who/what is sovereign over whom?

7-Eleven Japan
http://www.sej.co.jp/english/company/c_profile.html

Former 7-Eleven CEO Jim Keyes reported to shareholders in April 2005 that the chain was considering creating its own fuel brand. At that time, Keyes also told The Dallas Morning News that the company had been talking to independents and all the major oil companies, including ChevronTexaco Corp. 7-Eleven began a co-branding test with ChevronTexaco in June 2003 in Texas, California and Florida, with 11 7-Eleven stores selling Chevron gasoline and nine Chevron stores converting to the 7-Eleven format.


I know.

in these earlier meetings/decisions nor that he may have been the catalyst for the decisions nor that the Bu$h oil team made a few phone calls?

Maybe not.

Of course, Bu$h-Cheney aren't the types to pass up a chance at retribution or retaliation. It's a good ol'boy tactic they've mastered Texas-style, and execute with relish.


The failed Bu$h-coup to overthrow Chavez was in 2002.

Venezuela coup linked to Bush team
http://observer.guardian.co.uk/international/story/0,6903,688071,00.html


edited to an article I just ran across


Iraq oil to sail to U.S.

ChevronTexaco gets contract for crude

Chronicle Staff and News Services

Wednesday, June 25, 2003


For the first time since the U.S. war in Iraq ended, ChevronTexaco Corp. will load a tanker with crude oil from the nation's Persian Gulf port of Mina al-Bakr on Saturday. ~snip~

ChevronTexaco, headquartered in San Ramon, was the only U.S. company to be awarded Iraqi oil. ~snip~

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/06/25/BU264248.DTL&type=business

Probably not related, but I found it interesting.

Of course, one would never know that the US war in Iraq ended in 2003.

http://www.csnews.com/csn/search/article_display.jsp?schema=&vnu_content_id=1002984682&WebLogicSession=RQmQOtB6TckvIQ2dl8Vjqd2oC9zB8SD1Yk3p4mVQzhM1sOO6ukHm%7C67918247378881542/168887091/6/7005/7005/7002/7002/7005/-1

Not at all.

2005 is not September 2006. Consideration change had been in place since 2003 to look for alternate sources. There are a few THOUSAND locations to consider and the costs involved with signs, marketing, etc.

gasoline is gasoline. Chavez might be a little crazy in the head for coming to this country and start tossing around insults. Citgo gasoline is the same is the gasoline BP, Chevron, and Shell provide. I won't lose any sleep over this one.

Message removed by moderator. Click here to review the message board rules.

I haven't heard that, but could it be true? That would be bad for business, I would think!

7-11 Forces Everyone To Buy Middle Eastern Gas! ?

Repaint all the stores red, white and blue and fire anyone with even a hint of an accent.

The reason for their not using Citgo anymore does not matter.

What matters is they decided to get poitical and are saying it is because of Chavez.

So I am not shopping there any more because I don't support bullshit politicizing of convenience stores.

to another US buyer most likely or put in on the open market. Its really not that big a deal.

they say its not cuz of the chavez off-the-meds meltdown at the UN .. but i think it is.

The corporate board of 7-11 decided to score brownie points with the rightwing, when as you can see in later posts on this thread that Citgo announced on July 12 that it was dropping 1,800 independents from its distribution, and there is also a story posted here dated July 13 in which 7-11 was test marketing its own brand of gasoline because Citgo was ending its contract in September.

:kick:

Well, what do you know? 7-11 trying to score brownie points?

Venezuela’s Citgo Says it Decided to Discontinue 7/11 Contract Two Months Ago

By Venezuelanlysis.com

9-30-6, 10:17 am

Caracas, Venezuela, September 28, 2006 —Felix Rodriguez, the CEO of Citgo, the Venezuelan-owned gasoline producer and distributor in the U.S., clarified yesterday that it was Citgo that had let expire its contract with the 7-Eleven convenience store chain and not the other way around, as was broadly reported.

According to most press accounts, 7-Eleven spokespersons implied that the discontinuation of the supply contract for its gas stations was at least partially motivated by Chavez’s UN speech, in which he referred to President Bush as the “Devil.”

“(The reports are) a manipulation because ever since the month of July have we announced that we did not intend to renew a contract with (7-Eleven), which was 20-years old and that was part of a bad business deal for Venezuela,” said Rodriguez in a telephone interview with the Venezuelan state TV channel VTV.

Rodriguez went on to explain that the contract forced Citgo to purchase non-Venezuelan crude that it would refine and sell to 7-Eleven at a very low price. “We were losing money,” added Rodriguez.

Headlines in a wide variety of U.S. news outlets reported yesterday and today that the decision to cancel the Citgo contract was made by 7-Eleven.

http://www.politicalaffairs.net/article/articleview/4162/1/212/

:grr:

7-11 is just a "bush supporting pathetic little company"

Citgo CEO Rodriguez announced that his company would demand from 7-Eleven that it clarify its participation in creating the impression that decision to discontinue the sale of Citgo gas was its decision and was politically motivated.

And 7-Eleven said what it did anyway. Jerks.

:rofl: Thanks for showing your "ugly American" side 7-11. Now if I have any choice at all (and I do), I'll get my gas and shop ELSEWHERE.

Mission Accomplished 7-11, you shameless Corporate BushWorld WHORE! :P

I remember posting the article when this decision was made - long before Chavez's visit.

Citgo Won't Sell Gas to U.S. Stations

Wednesday July 12, 6:33 pm ET

By Natalie Obiko Pearson, AP Business Writer

Venezuela-Owned Citgo to Stop Selling Gasoline to Hundreds of U.S. Stations

CARACAS, Venezuela (AP) -- Venezuela-owned Citgo Petroleum Corp. has decided to stop distributing gasoline to 1,800 independently owned U.S. stations, shedding a lackluster segment of its business while forcing the owners of those stations to find other suppliers.

While it may create some logistical headaches for gasoline retailers in the short term, the move should not have any impact on the nation's overall fuel supply.

Citgo, which is wholly owned by Venezuela's state oil company, currently has to purchase 130,000 barrels a day from third parties in order to meet its service contracts at 13,100 Citgo-branded stations across the U.S. This is less profitable than selling gasoline directly from its refineries.

Instead, the Houston-based company has decided to sell to retailers only the 750,000 barrels a day that it produces at three U.S. refineries in Lake Charles, La., Corpus Christi, Texas and Lemont, Ill., according to a statement late Tuesday.

As a result, the Citgo brand will disappear entirely from 10 states and be less common in four additional states by March 2007, when the change goes into affect, Citgo spokesman Fernando Garay said Wednesday.

http://biz.yahoo.com/ap/060712/venezuela_citgo.html?.v=3

Like I said. Jerks. This wasn't some secret either.

by pretending to be offended about the truths that Chavez told the UN about Bush.

There is such a thing as the Bush cult, as the documentary Jesus Camp showed.

a repuke corporation lied! They will expect to be reaping the benefits of that lie from their freeper patrons. :eyes:

this is my gut feeling, I put in a job application recently, mainly out of curiousity, and Southland Corp. (7-11) categorically rejected it almost immediately, like within a few days, even though I have over 4 years of verifiable experience working cash registers and gas pumps at convenience stores.

I am convinced that I am a leftwing suspect on a number of corporate blacklists, as this sort of suspicious reaction has happened to me quite a few times in the various times I have put in job apps over the years.

not a problem, I have too many skills to let them hold me back.

and will no longer ever shop at 7-ll even if it means going out of my way

....I started buying only Citgo gas last spring when everyone around here was talking about supporting Citgo....and the local station I patronize is ALWAYS crowded....most of the time I have to wait in line for gas....the other brands stations around the area are nowhere near as crowded....

....Citgo either sells excellent gas or there are more politically aware people out there than I thought....or both....

profits go to giving poor people in Venezuela books, hospitals, roads and hope, or buying gas from a company for which the profits go to bribing the American government to make cars with low fuel efficiency, to invade middle eastern countries, and which go to helping people like the Bush family maintain political power, it seems like the choice is easy.

They have been purchased by the BFEE and will be renamed 9-11

... does this mean The 7/11's out west ( who were not part of that original 10 states listed ) will continue to use Citgo gas, at least until Mar. '07 , and possibly later ? I'd still like to tank up there, if I knew it was going to Citgo.

posted by bluerevolt at DailyKos:

it definitely will be their loss.