Phillips 66, the second-largest US independent refiner, has completely stopped importing light sweet crude to the US Gulf Coast, chief executive Greg Garland told analysts on Wednesday. The company has been able to replace those imports with cheaper inland US crude produced in prolific shale plays. Valero Energy Corp on Tuesday also said it had replaced all imported light foreign crudes with cheaper domestic crude.FRACKING - OPPOSED BY LIBS'N LEFTIES - IS SAVING THE USA.
AND REDUCING THE MONEY WE SEND TO CHAVEZ AND THE ARABS.
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