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Transcripts For CSPAN2 Key Capitol Hill Hearings 20140131

Significant decisions. When you are moving crude from texas to the panel to come up to the west coast refineries and still hoping to make a profit, we are looking for some solutions but this issue of timeliness is one that i have been trying to track. On the latest report they say the growing volumes of oil that cannot leave north america are increasingly posing a challenge to the industry putting a spotlight of course where we are today which is the Oil Export Ban so this comes im not asking mr. Hamm but when as a date certain that these initiatives collide if you well with production, and when do we hit that misalignment or that mismatch that would then cause some disruption and something that i think that we shall try to avoid. I will start with you mr. Hamm. I think the mismatch is beginning to happen already. So many refineries are outbid for heavier crude here domestically. What they do is with the tarsand oil. So with those retrofits the crude doesnt fit well with some of them.

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