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Author Topic: Is Valero part of Citgo? Back to Topics
PDN57

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San Bernardino

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Message Posted: Dec 12, 2012 9:00:23 PM

Is this just another way to covering up one for another?
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EvergreenON
Champion Author Ontario

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Message Posted: Mar 8, 2013 6:12:32 AM

hey are all associated, it is the same speculators that control the price
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MARIOWERX
Champion Author Vancouver

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Message Posted: Dec 30, 2012 2:16:05 PM

Yes I know who owns Valero and If you read older parts of this thread you will too.
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down2fumes
Champion Author Jacksonville

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Message Posted: Dec 30, 2012 12:27:20 PM

Does anyone know who owns Valero?
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Mikeyl
Champion Author Cleveland

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Message Posted: Dec 19, 2012 9:21:58 AM

No. CItgo pulled out of most of the northern US because shipping costs were too high.

Valero saw this as an opportunity to expand, and expand they did!
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rumbleseat
Champion Author Winnipeg

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Message Posted: Dec 16, 2012 4:10:22 AM

"or switch brands"

Unless you have an end date to your franchise agreement, or a company is pulling franchises out of your area, it can be costly for a smaller businessman to try to change from one company to another, what with new franchise fees, new signage, maybe new canopies and/or pumps, upgrades to the building to meet company requirements, and if one has life savings already tied up it could take many years to recoup the costs.
Again, trying to force the issue is an attack on local business, and Hugo Chavez is not affected in the least.
He wouldn't be affected if every CITGO station in the US closed at midnight tonight, because his country and the state oil company are suppliers of product that can be, and are, sold at any station, they aren't retailers.
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maxstar
Champion Author Chicago

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Message Posted: Dec 16, 2012 1:41:18 AM

Gas boycotts do not work so they are a waste of time.
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MadFueler
Champion Author Winston-Salem

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Message Posted: Dec 15, 2012 11:13:35 PM

Regarding the potential death/medical retirement of Chavez: If he or his successor improves relations with us, ceases Venezuela's support of the Castros, and restores human rights then the whole basis for a boycott would disappear. It would be a smart move to reprivatize and restore competition to the country's oil industry, but I don't know if I 'd make that a personal requirement.

[Edited by: MadFueler at 12/15/2012 11:18:27 PM EST]
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MadFueler
Champion Author Winston-Salem

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Message Posted: Dec 15, 2012 10:44:16 PM

HeavyDuty:

Your call on how you wish to approach these companies. As for me, I boycott BP and Citgo, but I'm not familiar with reasons to abstain from Royal Dutch Shell, and we don't have Lukoil in NC.
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HeavyDuty_cache
Champion Author Omaha

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Message Posted: Dec 15, 2012 9:10:46 AM

MadFueler; Should we also boycott Royal Dutch Shell, BP and Lukoil?

If Chavez dies do we stop boycotting Citgo?
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MadFueler
Champion Author Winston-Salem

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Message Posted: Dec 15, 2012 8:39:54 AM

OK - link, take 3:

home computer version

mobile version



[Edited by: MadFueler at 12/15/2012 8:44:28 AM EST]
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MadFueler
Champion Author Winston-Salem

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Message Posted: Dec 15, 2012 12:03:09 AM

rumbleseat:

The idea isn't to totally ruin those franchisees - it's to get them to feel the squeeze enough to apply pressure on the companies they're associated with, or switch brands. The amount of competition wouldn't be affected because a station with a reputable brand would utilize the same property - unless there's just less of a total market for gas/diesel in that area.
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rumbleseat
Champion Author Winnipeg

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Message Posted: Dec 14, 2012 11:19:02 PM

CITGO doesn't own service stations in the US. CITGO stations are franchises owned and operated by your friends, your neighbours, your fellow citizens, people who pay taxes, support your little league teams, and hire your teen-agers who are saving money to go to college.
Sure, go ahead, put them out of work, get the stations closed because the owners lost their shirts, then the reduced competition will result in increased prices for fuel.
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MadFueler
Champion Author Winston-Salem

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Message Posted: Dec 14, 2012 9:45:40 PM

Oops! Here's the link I tried to post in my last post:

[L=http://m.npr.org/news/front/162203092][/L]
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MadFueler
Champion Author Winston-Salem

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Message Posted: Dec 14, 2012 9:40:36 PM

HeavyDuty:

Chavez may not own the Venezuelan national oil company, but he sure does control it, and it's his government's main source of revenue. This is what all previously foreign-owned oil assets were nationalized into rather coercively years ago. Those companies took all the risk and did all the hard work, only to have Chavez effectively steal the product of that hard work and intensive investment from them.

rumbleseat:

Yes, due to the nature of the oil/fuel stream, it's probably impossible to avoid Venezuelan crude altogether; but we can patronize it less by buying from stations not owned/franchised by that company or its subsidiaries and buying from American or more America-friendly-owned companies. Its similar to knowing that every candy maker uses at least some Venezuelan chocolate, but Hershey would be a better bet than Chuau if you wanted to avoid it as much as you could.

Gas_Buddy:

As to the credibility of Wikipedia, granted, nothing on the Web is 100% accurate unless it's "straight from the horse's mouth," but the "anybody can edit" structure means, for the most part, that a legion of editors will pounce on any error or maliciously false information that gets posted there, often within seconds. Of course, this also puts new insights at a disadvantage. (See on NPR for an interesting look at this in action.) Not everybody has the time or inclination to look up deep into company Web sites, corporate reports, etc. but a Wikipedia article is, IMO, a good jumping-off point for thise who do, as well as providing quick basic information for the rest.
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SUPPER
Champion Author San Bernardino

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Message Posted: Dec 14, 2012 6:56:13 AM

No it's not
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HeavyDuty_cache
Champion Author Omaha

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Message Posted: Dec 13, 2012 9:20:17 AM

Citgo Petroleum Corporation is owned by owned by PDV America, Inc, a indirect wholly owned subsidiary of Petróleos de Venezuela, S.A., based in Houston Texas

Valero Energy Corporation is based in San Antonio, Texas.

Hugo Chávez is the elected president of the Bolivarian Republic of Venezuela, he does not own the Citgo Petroleum Corporation or the national oil company of Venezuela (Petróleos de Venezuela, S.A.).


[Edited by: HeavyDuty_cache at 12/13/2012 9:29:19 AM EST]
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rumbleseat
Champion Author Winnipeg

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Message Posted: Dec 13, 2012 6:48:45 AM

Venezuelan crude goes into the system. It is very possible to buy gasoline from pretty much any brand and get fuel refined from Venezuelan crude.
It is also worth noting it is also very possible to buy gasoline from a CITGO station, and get gasoline that is NOT refined from Venezuelan crude.
CITGO is an American company that happens to be owned by the Venezuelan state oil company (NOT by Hugo Chavez), and it not only employs thousands of Americans directly, it supplies and buys from businesses that employ hundreds of thousands more.
Truth is, if you truly want to ensure absolutely no support for the Venezuelan state oil company, you need to buy NO gasoline or petroleum products, and don't use any plastics, or any other materials made from petroleum.

CITGO refines about 30% of the Venezuelan crude imported by the US. Guess who refines the rest?
The CITGO refinery in Illinois refines NO Venezuelan crude, it refines about 95% Canadian crude.
Conoco, Houston Refining, Valero, Chalmette Refining, and others do refine Venezuelan crude. There are joint projects with PDVSA and Exxon, and PDVSA and Hess.
So boycott Citgo and you may be boycotting Canadian crude, buy Exxon and you may be supporting Venezuelan crude.
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scoutmaster
Champion Author Pittsburgh

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Message Posted: Dec 13, 2012 6:41:20 AM

They are separate companies and separate ownership.
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maxstar
Champion Author Chicago

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Message Posted: Dec 13, 2012 12:15:00 AM

I was not offended, and thanks for the clarification PDN57. Valero and Citgo are two separate companies. Valero is a U.S Company based in San Antonio, TX
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Gas_Buddy
Champion Author Maryland

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Message Posted: Dec 12, 2012 11:11:52 PM

They are and always have been two separate companies.

That said, and as a reminder to others, Wikipedia is not necessarily an accurately or professionally sourced reference. It consists of contributions and edits by anyone who can access their website. Just as incorrect information can be edited and corrected, erroneous or incorrect information can be posted. Better to use Wikipedia for general type issues and a companies website for accurate information.
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PDN57
Champion Author San Bernardino

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Message Posted: Dec 12, 2012 11:01:36 PM

Madfueler thanks for the info and maxstar sorry if I offended you it was just a question
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MadFueler
Champion Author Winston-Salem

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Message Posted: Dec 12, 2012 10:54:37 PM

Maxstar, there are rumors going around this forum and other places throughout the Internet that this is so. It's relevant to boycotts because many folks (like myself) boycott Citgo in order to patronize Venezuela's government as little as possible - that is, we don't like Chavez. As far as I can tell, Valero is the largest American-owned refiner and has nothing to do with any Venezuelan ownership.

Valero Article on Wikipedia
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PDN57
Champion Author San Bernardino

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Message Posted: Dec 12, 2012 10:52:08 PM

Because if it is There both owned by The guy down south and I would boycott it for sure
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maxstar
Champion Author Chicago

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Message Posted: Dec 12, 2012 10:09:56 PM

PDN57: Why was this created in the Boycott/Gasout Talk category?
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