MMEX Resources Corp (MMEX)

[fourcloze]

U.S. refinery fleet currently NOT set up for refining shale based oil according to this article.

Dated yesterday, 5/14/17:

https://finance.yahoo.com/news/saudis-own-largest-refinery-u-170000573.html

I love these excerpts:

As U.S. production grows, more and more volumes will have to find a home in the global refinery fleet.

AND

The U.S. fleet is well suited to handle heavy, sour crude oils. Thus, as these lighter crude oils continue to grow in terms of volume and make their way in to the slate, they can cause inefficiencies and sub-par economics due to the product slate that they generate. Lighter crude oils usually yield more gasoline-level refined products, which are not as valuable as the distillate-level products that are the most valuable part of the mid and heavy grade barrels. Refiners will discount lighter crudes to make up for the opportunity cost of refining this type of crude and foregoing the optimal feed slate.

Can you say TIMING!!! C'mon Hanks and Go MMEX!!!!!