Maybe use it to fill our reserves to capaity, thats about all we can do with it. If chavez causes a glut he cuts his own throat by causing oil prices to fall.
The reality of Chevez's oil is almost all of it is processed here in the USA. The only refineries capable of processing that thick, low grade tar are on US soil, Or up in Alberta, where they are already running at full capacity. Chavez is screwed should those refineries shut down for an extended period of time for "enviro-mental green house gas upgrading".
We have lots of options available to force Chavez's hand.
yeah and I thinkj opec has glutted the market to reduce what mahmoud and chavez can profit from creating economic hardships. Chavez and ilk certainly are cutting their own throats- but Chavez denies he will be hurtiung and claims he has enougfh other countries willing to buy from him- we'll see though how long he can hold out.
We should actually be accepting his cheap oil and putting it both into reserve, and in a 'semi-reserve' as well, something with less restrictions that can be quickly tapped if prices go nuts again.