Venezuelan strongman Hugo Chávez is an ally of the Iranian mullahs, a supporter of North Korea, a close friend of Fidel Castro and a good customer for Vladimir Putin's weapon factories. Now he's also a business partner of Joseph P. Kennedy II.
The former Democratic Congressman describes the deal he's cooked up with Mr. Chávez as charity for low-income consumers of heating oil. But it's worth asking what the price of this largesse is to Venezuelans and to U.S. security interests.
The arrangement is this: Mr. Chávez's Citgo--a Houston-based oil company owned by the Venezuelan government--is supplying home heating oil to Mr. Kennedy's Citizens Energy Corporation at a 40% discount. Citizens, a nonprofit outfit, says it passes the savings onto the poor, aiming to help 400,000 homes in 16 states that would otherwise have trouble heating their homes. In the process, Mr. Kennedy happens to get a high-profile publicity plug.
Tuesday, November 28, 2006
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