Venezuela looking to sell off Citgo unit

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5,926
Location
Waterloo, ON
Originally Posted By: Pajamarama
Not sure anyone will see this in this subforum, but I know there's been a lot of anti-Citgo sentiment expressed here on BITOG. If Venezuela offloads Citgo, it will be interesting to see who picks it up. Story in NY Times
Maybe Iran?
 
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809
Location
Nebraska
From the article: Venezuela’s state-owned oil company PDVSA has a different motive. Mr. Maduro’s administration is running out of cash. That’s the result of anti-business policies — including price controls and nationalization — that have depressed local production and increased reliance on imports. I am shocked by this news.
 
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2,547
Location
IL
I am not a fan of Citgo! I don't care about the politics, the owners, but I care about the product. I find nothing special about Citgo products. All the Citgo's around here only sell this: K1 89 E10 87 E10 *with tri-clean 87 100% Gasoline ($.40 per gallon higher than E10) Low Sulfur Diesel. **BEFORE 2007 they sold "racing gas" **E85 at some stations. The local station was still using analog pumps just two years ago or so. They upgraded the fuel islands when the TriClean came on market. I really don't use their fuel.
 
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897
Location
N. 'Burbs of Chicago, IL
Originally Posted By: Vern_in_IL
I am not a fan of Citgo! I don't care about the politics, the owners, but I care about the product. I find nothing special about Citgo products. All the Citgo's around here only sell this: K1 89 E10 87 E10 *with tri-clean 87 100% Gasoline ($.40 per gallon higher than E10) Low Sulfur Diesel. **BEFORE 2007 they sold "racing gas" **E85 at some stations. The local station was still using analog pumps just two years ago or so. They upgraded the fuel islands when the TriClean came on market. I really don't use their fuel.
Vern, I'm guessing you are downstate? In N-Burbs of Chicago, one of the Citgo's still has racing gas , and has 87-89-93. Not certain about E85. Oh and digital pumps for years.
 
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10,611
Location
Las Vegas NV
Domestic oil production has plummeted since the nationalization occurred. Combine this with 60% inflation...and it looks like their centrally planned economy is in a tale spin....
 
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