We refine more oil than anyone.
Seems like we should set the price.
And we should sell it below market rates? Is that how you value your labor and investments?
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Venezuelas oil is heavy sulfur crude.
They cant refine it.
We do.
Most of venezuela’s oil is refined outside the US.
http://www.eia.gov/countries/analysisbriefs/Venezuela/images/crude_oil_exports.png
http://www.eia.gov/countries/cab.cfm?fips=VE
I defer to your expertise, but no we should not sell below market value.
I only question why the cost of gasoline has stayed at the $3 mark despite boons in output.