Venezuela Reverses Decision on Heating Oil Subsidies to U.S. Residents
Articles — By forcechange on January 7, 2009 6:43 pm
Only two days after announcing the cancellation of its heating fuel subsidies to low-income U.S. citizens, Venezuelan owned Citgo Petroleum has reinstated this program. Although Venezuela’s per capita income is about 1/10th that of the United States, it has decided to continue with the payments. It is unclear what caused the reversal. However, there was a lot of press coverage of the recent decision which may have been embarrassing to President Hugo Chavez, who presents himself as a protector of the world’s poor.
The program will supply 100 gallons of free heating oil to eligible households in 23 states with a target of about 200,000 homes.
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