The production from Hibernia was already in the marketplace, so this U.S. oil that has been coming into the market in recent years is displacing the offshore production that was in the marketplace. It can come by rail. Some of it could come by marine movement from the U.S. Gulf Coast, which would involve it getting to the Gulf Coast by rail, barge, pipeline, or some combination of those three, depending on where the oil fields are located.
On May 16th, 2017. See this statement in context.