Carol Roth

Your pie is going to be delicious.

But for the other pies, the other 400, we got Red Delicious.

And Red Delicious apples aren't really good for anything.

They're definitely not good for baking.

They get all mealy.

You wouldn't want to use them.

Nobody would ever buy our pies again.

So unfortunately, we have 800 apples, but we can't use them all for the pies.

We have to use some of them for something else.

So it's the same thing with oil.

There are different grades and types of oil.

They have different properties.

And the refineries in the U.S.

are set up to handle efficiently only certain types of oil.

So we have a mismatch between what it is that we're producing and what the refiners can handle, which means that even though on paper it looks like, if you look at the numbers, that we're energy independent –

We are still producing heavily, we're exporting heavily, and we are importing at the same time.

So we heavily produce the light and sweet crude, but our refineries, the majority of those are set up to most efficiently process the heavy and sour.

Yeah.

Well, I think we get a lot of it from Canada.

We get it from Venezuela.