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Regulations mean profits for refiners like Valero -- but uneasy profits

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Sometimes I think, "Man, I'd love to get my friends in government to rig policy in such a way that nearly guarantees me huge profits." Then I remember what a dangerous game that is. Today's case study: oil refining giant Valero Energy. Valero buys crude oil in the U.S., refines it into gasoline, diesel, jet fuel, and propane. It then sells those fuels around the world. So, as a seller of...

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