December 7, 2005
Congressman Jose Serrano (D-NY 16) wrote the following to Caracas Connect:
Yesterday I announced the details of a low-cost heating oil program along with CITGO CEO Felix Rodriguez and Venezuelan Ambassador Bernardo Alvarez and leaders of three non-profit housing corporations in the Bronx. Under the terms of this historic deal, CITGO will provide heating oil this winter to the three housing non-profits at 40 percent below market price. The non-profits, in turn, will have to pass the savings on to the residents of their buildings in the form of rent reductions, as well as building improvements and increased spending on their social programs.
This program is truly innovative and couldn't come at a better time. Heating prices are expected to be far above what they were last year, and with the cold of winter closing in, many people in my district and across the nation are going to be facing difficult financial circumstances. As I said to the press yesterday at the announcement and signing ceremony, it's shameful that no American oil company has offered to use any of their record-breaking profits to help the American people in this situation.
This program came out of President Hugo Chavez' visit to the Bronx this past September at my invitation. I invited him because I thought it was important for him to come and meet with real American people, who are also in a struggle for economic equality and social justice. He made the offer of this reduced price oil during that visit, and I immediately began to work to make it a reality.
I represent the poorest congressional district in the nation, in the midst of the richest city on earth-the juxtaposition is striking. I think that President Chavez saw that when he toured the district and genuinely wanted to help the people of the Bronx. The CITGO program does just that: it genuinely will help the people of the Bronx.
Some say that this heating oil is an attempt to score political points. The truth is that I welcome the help and I would welcome any other American corporation that wants to come here and score points.
Readers: What are your thoughts on CITGO's discounted oil offer to U.S. citizens? Please post your comments.