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Date Posted: 04:53:42 05/07/07 Mon
Author: Waco Bismarck
Subject: You're burning Texas crude
In reply to: Fact B4 Fiction 's message, "7/11 Citgo is my gasoline of choice!" on 20:39:20 05/04/07 Fri

and don't even know it. ;-)


On September 27, 2006 7-Eleven announced its 20-year contract with Citgo was coming to an end and would not be renewed. 7-Eleven Spokeswoman Margaret Chabris said "Regardless of politics, we sympathize with many Americans' concern over derogatory comments about our country and its leadership recently made by Venezuela's president. Certainly Chavez's position and statements over the past year or so didn't tempt us to stay with Citgo." Later she said that "People are making it out to be more than it is."[9] Citgo's Chief Executive Felix Rodriquez responded with a correction the following day, accusing 7-Eleven of exploiting the situation to score political points against Chavez, and pointing out that Citgo's decision to terminate the contract with 7-Eleven had been made back in July, for practical and economic reasons: “[The reports are] a manipulation because ever since the month of July have we announced that we did not intend to renew a contract with [7-Eleven], which was 20 years old and that was part of a bad business deal for Venezuela."[10] A statement found on Citgo's homepage stated, "The 7-Eleven contract did not fit within CITGO's strategy to balance sales with refinery production after the sale of its interest in a Houston area refinery."

At locations that have already phased out Citgo gas, 7-Eleven is no longer accepting Citgo's credit cards. Many 7-11 stores still display the Citgo sign, even though they do not sell Citgo gas.

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