To me, the most telling quote is "Recent drilling innovations, including hydraulic fracturing, or fracking, have helped ExxonMobil and its competitors develop oil fields once thought unprofitable...."
So while traditional sources of oil are getting heavier and heavier, causing processing issues, it seems that fracking is producing the standard light, sweet crude that the refineries were built for.
Where do you think the market will be in the future? Relying on heavy crudes or light, sweet crude from fracking?
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