Now, it so happens that the refineries that were built to handle heavy sour crude are along the Gulf coast. They're in Texas and Louisiana. And so we've got the capacity. I've been told that The Gulf coast refineries could almost overnight refine an additional 250,000 barrels of the heavy crude from Venezuela. Now, interestingly enough, when I've asked the refiners, okay, what would the trade off be? What would the impact be, say for West Texas producers? (07:47–07:57)
CLAIM
Asserts that Gulf coast refineries have the capacity to refine an additional 250,000 barrels of Venezuelan crude.
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