Venezuela shuts cheap oil pipeline for 200,000 US homes

WASHINGTON (AFP) – Some 200,000 US households will no longer get cheap heating oil from Venezuela after the state-owned CITGO subsidiary announced it was dropping the program due to falling oil prices, the organization in charge of distributing the oil said Tuesday. "Citizens Energy has recently been informed by CITGO that due to falling oil prices and the world economic crisis, CITGO has been forced to re-evaluate all their social programs, including the heating oil program," Citizen Energy Corporation spokesman Brian O'Connor told AFP by telephone.

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Also i heard today that Russia was shutting down natural gas lines to European countries. Is this a beginning of more shutdowns and cutbacks? I'd hate to see energy prices skyrocket back up. I know that i'd be in much trouble if gas prices went back up to 4 dollars a gallon.

Is this something we should be worried about?