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Diesel Fuel in Venezuela .06 per gallon
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<blockquote data-quote="edge" data-source="post: 196921" data-attributes="member: 5030"><p>Not really sure of your point here??</p><p></p><p>America consumes more than we pump, and the World consumes 1000 barrels per second. I suppose that you could buy your own oil well and sell it as cheaply as you like, but I suspect that you would sell it on the open market for as much as you can get...just like everyone else.</p><p></p><p>edge.</p><p></p><p>PS the oil market, like most commodity markets are fairly transparent. You can buy and sell just like the Big Boys. It is an "open outcry" market, people buy and sell out in the open.</p><p>An oil company can't decide the price, the only thing they could do is cut production, but most refineries run at over 90% of capacity.</p></blockquote><p></p>
[QUOTE="edge, post: 196921, member: 5030"] Not really sure of your point here?? America consumes more than we pump, and the World consumes 1000 barrels per second. I suppose that you could buy your own oil well and sell it as cheaply as you like, but I suspect that you would sell it on the open market for as much as you can get...just like everyone else. edge. PS the oil market, like most commodity markets are fairly transparent. You can buy and sell just like the Big Boys. It is an "open outcry" market, people buy and sell out in the open. An oil company can't decide the price, the only thing they could do is cut production, but most refineries run at over 90% of capacity. [/QUOTE]
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