IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v42y2012icp89-94.html
   My bibliography  Save this article

PDVSA'S possible sale of CITGO and the subsequent ramifications on US foreign and energy policy

Author

Listed:
  • Otazo, Andrew

Abstract

PDVSA seems poised to sell CITGO in the very near future. The United States and Venezuela have already begun to implement shifts in national behavior and policy, suggesting that they are expecting this transition within the next couple of years. Although nothing is guaranteed until after the Venezuelan presidential election of 2012, if President Chavez retains his grip on power past that point, expect CITGO to be sold by the year 2014, if not shortly thereafter. If the US Congress decides to impose CISADA sanctions on Venezuela or declare it a state sponsor of terrorism, CITGO could be sold significantly sooner. However, such legislative action seems unlikely. A move to sell CITGO would have far-reaching ramifications for both countries' energy and foreign policies. This restructuring of energy geopolitics could potentially lead to more conflicts in the international arena. With significantly less economic leverage on each other, the United States and Venezuela would be free to harden their rhetoric and policies.

Suggested Citation

  • Otazo, Andrew, 2012. "PDVSA'S possible sale of CITGO and the subsequent ramifications on US foreign and energy policy," Energy Policy, Elsevier, vol. 42(C), pages 89-94.
    • Handle: RePEc:eee:enepol:v:42:y:2012:i:c:p:89-94
    DOI: 10.1016/j.enpol.2011.11.051
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421511009451
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.enpol.2011.11.051?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    CITGO; PDVSA; US energy policy;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:42:y:2012:i:c:p:89-94. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.