Chavez Renews Offer of Cheap Heating Oil to U.S. Poor So, record profits for oil companies, on record high oil prices. The Senate defeated a proposed windfall tax on those profits -- a bill that President Bush had threatened to veto such a bill. Time for Mr. Bush's nemesis -- Venezuela's President Hugo Chavez -- to get into the act. Chavez has renewed his offer to send discounted heating oil to America's poor. Venezuela's CITGO Petroleum says it will distribute the cheap oil next week, through community groups in Boston and the Bronx.