saying he could produce oil for under $10/bbl "loa

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saying he could produce oil for under $10/bbl "loaded up with costs" and had an offer for that oil from Somerset Refinery for West Texas Intermediate spot prices less $3/bbl.

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I don't see how they can't produce under $10/barrel. There are no energy costs (the largest costs in a pyrolysis process). With that largest cost eliminated we are left with operators, insurance, maintenance, catalyst, water, etc. Unless of course you want to pile on the entire cost of a public company which would never be considered in any project.

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from Somerset Refinery?

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They are getting more than WTI-$3 now.

Just because you say something over and over doesn't make it true.