Back last year when Hugo Chavez, the Marxist President of Venezuela, started making his anti-American statements, there was a large outcry over how CITGO was a wholly owned subsidiary of Petroleos de Venezuela, S.A. (PDVSA). What I don’t understand is why nobody is saying a word about Hess Stations. The Hess Corporation also owns HOVENSA, “a joint venture between a subsidiary of Hess Corporation and a subsidiary of Petroleos de Venezuela, S.A. (PDVSA)”. PDVSA owns a 50% share of HOVENSA, which has a crude oil processing capacity of 495,000 Barrels Per Day (BPD), making it one of the largest refineries in the world. HOVENSA is located in St. Croix, in the U.S. Virgin Islands, 550 miles from Venezuela. So guess where HOVENSA gets its crude? You guessed it; Venezuela. So not only does Chavez get money from refining the oil at HOVENSA, he also gets money selling the oil to HOVENSA to refine. Then that gasoline (over 175,000 BPD) gets shipped to the Eastern Seaboard of the United States and sold in more than 1,300 Hess locations from New Hampshire to Florida. I understand that you can’t track every drop of oil to make sure it doesn’t come from PDVSA, but it seems to be pretty simple to figure out that Hess Oil is really PDVSA oil and PDVSA oil is money in the coffers of an anti-American, Marxist government.
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