FW: Chicago Turns Down Discounted Venezuelan Oil, to Hike Fares, & hurt the poor!
Submitted by PAAMember on January 3, 2006 - 2:00am. :: Discussion
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Subject: Chicago Turns Down Discounted Venezuelan Oil
Date: Mon, 2 Jan 2006 20:36:28 -0500
Return-Path:
X-OriginalArrivalTime: 03 Jan 2006 01:37:02.0821 (UTC) FILETIME=[3268B950:01C61006]
Chicago Turns Down Discounted Venezuelan Oil
Friday, Dec 30, 2005
By: Jessica Pupovac - The NewStandard
CITGO is a wholly-owned subsidiary of Venezuela's state owned oil company
PDVSA.
Credit: Venezuelanalysis.com
Chicago, Dec 28 - The Chicago Transit Authority is refusing an opportunity
to alleviate commuting costs for hundreds of thousands in the Windy City's
low-income neighborhoods. Instead of accepting deeply discounted fuel from
the
Venezuela-owned Citgo Petroleum Corporation, the city is instead raising
fares to solve budget shortfalls.
In an October meeting with representatives from the Chicago Transit
Authority (CTA), the city's Department of Energy and other city officials,
Citgo unveiled a plan to provide the Chicago with low-cost diesel fuel. The
company's stipulation, at the bidding of Venezuelan President Hugo Chavez,
was that the CTA, in turn, pass those savings on to poor residents in the
form free or discounted fare cards.
But two months later, despite claims of a looming budget crisis, the CTA
president "has no intent or plan to accept the offer," according to CTA
spokesperson Ibis Antongiorgi. She gave no explanation.
According to Venezuela
Subject: Chicago Turns Down Discounted Venezuelan Oil
Date: Mon, 2 Jan 2006 20:36:28 -0500
Return-Path:
X-OriginalArrivalTime: 03 Jan 2006 01:37:02.0821 (UTC) FILETIME=[3268B950:01C61006]
Chicago Turns Down Discounted Venezuelan Oil
Friday, Dec 30, 2005
By: Jessica Pupovac - The NewStandard
CITGO is a wholly-owned subsidiary of Venezuela's state owned oil company
PDVSA.
Credit: Venezuelanalysis.com
Chicago, Dec 28 - The Chicago Transit Authority is refusing an opportunity
to alleviate commuting costs for hundreds of thousands in the Windy City's
low-income neighborhoods. Instead of accepting deeply discounted fuel from
the
Venezuela-owned Citgo Petroleum Corporation, the city is instead raising
fares to solve budget shortfalls.
In an October meeting with representatives from the Chicago Transit
Authority (CTA), the city's Department of Energy and other city officials,
Citgo unveiled a plan to provide the Chicago with low-cost diesel fuel. The
company's stipulation, at the bidding of Venezuelan President Hugo Chavez,
was that the CTA, in turn, pass those savings on to poor residents in the
form free or discounted fare cards.
But two months later, despite claims of a looming budget crisis, the CTA
president "has no intent or plan to accept the offer," according to CTA
spokesperson Ibis Antongiorgi. She gave no explanation.
According to Venezuela
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