Oil is Oil
By Arnold Kling
Shame on Reason for giving us this essay on “terror-free” oil.
I usually give Citgo a pass because most of the company’s profits wind up on the hands of the Venezuelan government, headed by the socialist, Castro-loving, anti-globalization, and virulently anti-American Hugo Chavez.
Oil is oil. If you fill up at any gas station, you raise the demand for oil, and you raise the income of Venezuela. See Oil Econ 101.