Yeah, you read that right.
The geniuses at WRR bought the “crude” from Valero from out of one of Valero’s old crude storage tanks. Turns out it is an emulsion with about 50% water. Rumor mill says that whatever contract WRR signed with Valero has the fine print clause of “Sorry. No refunds! No exchanges. All sales are final!”
Now the braintrust at WRR is planning on feeding that “crude/water mix” to their distillation unit #4 on Tuesday December 10th. I guess they’ll get to see if they can once again blow the trays out of their atmospheric column.
But hey, the market is real soft right now, so who cares if they blow up the smallest of the 3 crude distillation units at WRR?
As just a spectator, I have never seen a company like P66 so willing to step over a dollar to pick up a dime!
Wish them luck that on next Tuesday nobody gets hurt.