What has Citgo offered the Chicago Transit Authority?
Last October, Citgo offered CTA of 7.2 million gallons of diesel fuel at 40 percent off the current market value. The estimates were that this could save the CTA $15 million. As part of the deal, Citgo requires the CTA to pass these savings on to Chicago’s low-income residents in the form of either free or hugely discounted fare cards, which would help people this winter, especially with rising heating costs and the simultaneous increase in CTA fares. They made this offer in very vague terms, just to initiate the discussion and asked that the CTA consult with their technical advisers to find out exactly what the specifications of the diesel fuel that they require are, how Citgo could procure those, how they would go about delivering them, etc. But, according to Martin Sanchez, at the consul general of Venezuela in Chicago, the CTA hasn’t given those specs to Citgo. The Chicago Transit Authority has turned down the offer. What is their reasoning? The CTA has not officially turned down t
