Quote:
Why smuggle drugs, I'm trying to figure out a way to get Venezuelan gas over here
What do you think "
CITGO" (one of, if not the largest retailer of gasoline in the U.S) is?
CITGO is owned by PDV America, Inc., an indirect, wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela.
PDVSA is among the leading corporations in the refining business, with a petroleum processing capacity of 3,285,000 barrels a day (1,285,000 barrels a day in Venezuela and 2 million barrels a day outside the country) through 24 refineries: six complexes in Venezuela, one in the Caribbean, eight in the United States and nine in Europe.
History of CITGO in case you are interested:
The story of CITGO Petroleum Corporation as an enduring American success story began back in 1910 when pioneer oilman, Henry L. Dougherty, created the
Cities Service Company.
When Cities Service determined that it needed to change its marketing brand, it introduced the name CITGO in 1965, retaining the first syllable of its long-standing name and ending with "GO" to imply power, energy and progressiveness. The now familiar and enduring CITGO "trimark" logo was born.
Occidental Petroleum bought Cities Service in 1982, and CITGO was incorporated as a wholly owned refining, marketing and transportation subsidiary in the spring of the following year. Then, in August, 1983, CITGO was sold to The Southland Corporation to provide an assured supply of gasoline to Southland's 7-Eleven convenience store chain.
In September, 1986, Southland sold a 50 percent interest in CITGO to Petróleos de Venezuela, S.A. (PDVSA), the national oil company of the Bolivarian Republic of Venezuela. PDVSA acquired the remaining half of CITGO in January, 1990. With a secure and ample supply of crude oil, CITGO quickly became a major force in the energy arena.
For those interested:
What we (in the US) pay for
in a gallon of gasoline (U.S Dept. of Energy) -
Let's say (for this purpose) the current cost of gas at the pump is $ 3.00/gallon:
$ 1.47 or 49% is for crude oil.
$ 0.27 or 9% is for refining of that crude oil.
$ 0.54 or 18% is for distribution and marketing of the finished product (gasoline).
$ 0.72 or 24% is for taxes.
Ouch!!!
Taxes are $ 11.52 for each typical sedan fill-up (16 gallons).
This is where SparkChaser69's smuggling venture can help us!
Stinky