Wednesday, September 27, 2006

7-11 Drops Citgo, Cites Chavez Comments About Bush, America in Ending 20-Year Deal

Displaying more intestinal fortitude than many have come to expect of a Fortune 500 corporation based in America, 7-Eleven announced today in Dallas that it is not renewing its 20-year-old agreement to sell Citgo gasoline. The decision directly affects approximately 2,100 of the familiar convenience store chain's 5,600+ outlets in the U.S.

A company spokesman said Chavez' recent comments were at the heart of the decision, noting that "regardless of politics, we sympathize with many Americans' concern over derogatory comments about our country and its leadership recently made by Venezuela's president Hugo Chavez."

The spokesman discouraged talk of a boycott of Citgo, however, saying such action would hurt approximately 4,000 employees of the 7-11 stores currently selling the Venenzuelan petroleum company's gasoline.

UPDATE: 7-Eleven backpedalling

It took a day before 7-Eleven officials started backing off the idea their decision to drop Citgo as a gasoline supplier was connected to recent statements at the UN by Venenzuela's Hugh Chavez.

Reuters reports the same company spokesman who yesterday indicated the link is today denying it.