Americans Are Subsidizing Venezuela Gasoline To The Tune Of 18 Cents A Gallon en-us Wed, 31 Dec 1969 19:00:00 -0500 Sat, 12 Jul 2014 10:28:43 -0400 EconMatters sawyer50 Wed, 06 Feb 2013 16:51:48 -0500 Now I might be wrong, but I think there is a ad on TV that's saying, that Venezuelan is donating oil to American's that can't afford to heat their homes? Has anyone else heard this? And if I'm right, were does this fit in? Lucius Modernus Wed, 06 Feb 2013 13:37:52 -0500 this argument is akin to enriching your urine w/ supplements your body doesn't absorb. leads me to believe it's an industry talking point. no? nolaeranalyst Wed, 06 Feb 2013 13:26:08 -0500 You forget the fact that there is vastly more refining capacity in the US than there is demand for refined products. Without exporting fuels refining margins would collapse under the weight of swelling inventories, which would in turn cause some of the less efficient refineries to close. It happened in '09 and '10. But that facet of reality doesn't exactly suit your not so well thought out little agenda here I suppose. Lucius Modernus Wed, 06 Feb 2013 13:22:05 -0500 their only and #1 priority is what is good for boG. threaten a weak or naive person's salvation and modern plutocracy is what you get... newworldorder Wed, 06 Feb 2013 11:50:00 -0500 US citizens should pay the world price for all tradable products to conserve their use and supply the maximum in exports. More than any other country over the past 100 years we have consistently advocated freer markets and an open global trading system. These increasing exports of refined products are the best possible news. LNG will be exported in large volumes as well as infrastructure to export is constructed. The LNG export business is expanding faster than export capacity can be built since the huge supply was not forecast and existing infrastructure was export oriented. Even some oil pipelines are being reversed from import to export. These kinds of changes take time and the USG is mostly an obstruction. Keystone should have been approves a year ago and all protestors moved aside or jailed if necessary. Nostalgic backward facing left wing cranks have no relevance in the 21st Century. Aside from the USA, Canada and W. Europe there are no Communists left. Read the speeches of Mr. Deng circa 1980 to understand how far behind the curve we are. We have spent the ensuing 33 years stumbling around in circles while China has boosted its per capita income 14X and is now #1 exporter. James Andrews Wed, 06 Feb 2013 11:45:37 -0500 How is allowing a company to sell to the highest bidder considered a subsidy to the purchaser? You have to really stretch the idea of entitlement to come to this conclusion. badbob Wed, 06 Feb 2013 11:43:43 -0500 I don't think your average know, those toothless yahoos from over there in Gooberville, even grasp this. If they were to actually vote in their own self interest instead of that of the big corporations and Glen Beck, there wouldn't even be a Republican party anymore. Your average Gop'er just can't connect the dots. Hell, they can't even connect one dot let alone two or more.