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The U.S. Pumps More Crude Than Anyone Else. Here’s Why It Wants Venezuela’s Too.

The Wall Street Journal Original article ›
LyrArc Article Gist
For decades Gulf Coast refineries efficiently process heavy crudes like Venezuelan oil or Canadian oil sands oil. US oil is a lighter crude. This is why the heavier crude from Venezuela can now be taken for processing to Gulf Coast refineries in the US. This should lower gas prices in the US further.



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