Wednesday, December 21, 2005
Doing good and making money
As if it weren't enough that Citgo is helping out a lot of people in need in the U.S. today it was reported in Panorama newspaper that Citgo paid record dividends to Venezuela of $785 million. So by having a well managed and well run oil company you can actually do some good things for people and still make lots of money with which to do good things inside Venezuela. Who'd have thought?
And please remember, before Chavez came to power Citgo never paid a solitary cent in dividends to Venezuela. Kind of strange, no - owning a company yet not trying to actually make any money from it? Well, Chavez changed that in a hot New York minute and you can be sure these invaluable and much needed resources are going to good use.
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And please remember, before Chavez came to power Citgo never paid a solitary cent in dividends to Venezuela. Kind of strange, no - owning a company yet not trying to actually make any money from it? Well, Chavez changed that in a hot New York minute and you can be sure these invaluable and much needed resources are going to good use.
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