Command line to remove an environment variable from the OS level configuration

Question

Windows has the setx command:

Description:
    Creates or modifies environment variables in the user or system
    environment.

So you can

Answer 1

setx FOOBAR ""

just causes the value of FOOBAR to be a null string. (Although, it shows with the set command with the "" so maybe double-quotes is the string.)

I used:

set FOOBAR=

and then FOOBAR was no longer listed in the set command. (Log-off was not required.)

Windows 7 32 bit, using the command prompt, non-administrator is what I used. (Not cmd or Windows + R, which might be different.)

BTW, I did not see the variable I created anywhere in the registry after I created it. I'm using RegEdit not as administrator.