Now that Hugo Chavez has won reelection will U.S. gasoline prices rise?
Hugo Chavez exports much of their gasoline to the United States. Now that he has won the presidency for 6 more years, do you believe he will increase the price of exported gasoline to foreign countries?
Venezuela's oil is handled by the Citgo company, which supplies Seven-Eleven stores. When Chavez was first elected, 7 11's prices weren't higher than average, and in fact lower than most, so I don't know why they would be higher now.
The gasoline you buy at any location may not be made by the company that owns the station. The CITGO refinery in LA supplies many different named stations. The oil cos. have an exchange program. It would take a long Hub to explain and would bore most
The answer is ultimately know. We may see a price spike because of speculation. Venezuela does not export gasoline to the U.S. They have refineries in the United States and in other countries. Venezuela owns the CITGO refinery in Lake Charles, LA. It owns half of the Chalmette Refinery in Chalmette, LA. Mobil use to own, it but with the ExxonMobil merger, they became co-owners and eventually, Exxon struck a deal with Chavez to have a "secure" supply of Crude that refinery could handle.
While Venezuela is a major producer, it does not produce enough to control the world market, as long as the speculators do not get out of control. Gasoline in Venezuela is much cheaper, because the government subsidizes the price so the residents can enjoy lower prices. Saudi Arabia and other OPEC countries do the same. Since Chavez was elected, there was no coup and no riots, there should be no changes in the prices--at least no changes caused by that single event.
Not so soon. The increase in recent fuel prices is keeping the cash flowing in to finance his revolution and pay for the nooses we are selling him to hang us with. Chavez has just opened an AK-47 factory that will help him spread arms to surrogates in Central and South America. He intends to do for this region what the Soviets once did to Eastern Europe. The Russian Naval Base he is setting up will also help him do this.
American government is filled with cowards who will let Chavez pull off his revolutionary plans.
Where is your proof for the AK 47 factory, for the Russian naval base, etc? I would think if any of that is true, that the CIA would be on it like white on rice.
I'm no big fan of Chavez, but lets stick to provable facts, not hysteria.
I saw your comment about the Russian Naval Base. We would not let that happen. I do not know if you remember the Cuban Missile Crisis in the 1960s, where we came close to war with the USSR. They blinked--the Soviet missiles were removed from Cuba.
KW--- Here is the info on the AK factory in Venezuela.
http://www.strategypage.com/htmw/htweap/20081026.aspx
Larry -- Here is info on the naval base from the BBC.
http://news.bbc.co.uk/2/hi/americas/7945845.stm
I guess because we buy oil, its allowed
WmHoward: Thanks for posting the link to the AK47 article. Seems to be accurate. Snopes http://www.snopes.com/politics/gasoline/citgo.asp says that the Venezuela/Citgo connection and the AK47 factory is a mix of true and false information.
by Deforest 12 years ago
Who is the culprit? Who has interests in Chavez's defeat? Its enemy, the US. At the brink of a new election announcing Hugo Chavez a 20% lead over the opposition, the Venezuelian president has a rosy future. Given the implementation of social reforms supported by the oil industry, Chavez is...
by Audrey Selig 12 years ago
Should our President reverse decision on oil pipeline?
by fishskinfreak2008 14 years ago
The latest move by A DICTATOR
by Barefootfae 11 years ago
I know there are many here who think he was the best thing since apple sauce.Please feel free to comment on his passing.
by Brian 13 years ago
This may not be news to a whole lot of people, but, I am getting sick of this. Why isn't the Government doing anything about it, especially when they know that it is killing our economy? Not, to mention that we are fighting wars over it, only to have the countries we are "Aiding" are...
by Iðunn 17 years ago
good-spirited debate. take a side, join in. purpose is exercise in debate skills and entertainment. I made a background Hub based on current news if anyone is interested for a jump off point.My thesis: FARC (colombian revolutionary armed forces) is not a terrorist organization; it is...
Copyright © 2025 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2025 Maven Media Brands, LLC and respective owners.
As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.
For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy
Show DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. |
Amazon Web Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy) |
Google Hosted Libraries | Javascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy) |
Features | |
---|---|
Google Custom Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy) |
Google YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy) |
Facebook Login | You can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. |
Conversion Tracking Pixels | We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service. |
Statistics | |
---|---|
Author Google Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy) |
Amazon Tracking Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |