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Petroleumworld`s Opinion Forum: viewpoints on issues in energy, geopolitics and civilization. Sunday´s Opinion Chávez is killing a cash cow By Ana Campoy y David Luhnow Wall Street Journal reporters Ana Campoy and David Luhnow write about how Venezuela's Hugo Chavez is selling pieces of CITGO in the U.S. in orden to down size Venezuela's PDVSA assest in the U.S. and fund its popular social programs. In 1997, one of every 10 gallons of gasoline U.S. drivers bought came from a Venezuelan-owned refiner, Citgo Petroleum Corp. That year, a student at Oxford University wrote a thesis saying Citgo was cheating Venezuela's people by investing too much in the U.S., and should send more cash home. The student, Juan Carlos Boué, drew scant attention until four years ago, when Venezuela's populist president, Hugo Chávez, took control of the state oil apparatus. Today, Mr. Boué is an influential member of Citgo's board. And Citgo, which Venezuela...
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