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To: ml/nj

It's the free market economy ... selling the oil at below market prices might produce political capital but what Venezuela needs is real capital.


27 posted on 02/17/2007 10:11:23 AM PST by sono (There are only two exit strategies - One is victory, the other defeat - Joe Lieberman)
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To: sono
selling the oil at below market prices might produce political capital but what Venezuela needs is real capital.

They do derive income ("Capital" is really something else.) so long as their selling price is above their production cost. The market price doesn't really come into play in my question/observation, at least at current levels.

ML/NJ

36 posted on 02/17/2007 10:24:22 AM PST by ml/nj
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