Bakken plans first U.S. refinery in 35 years
----------------------The Bakken shale oil bonanza in North Dakota has already upended the U.S. oil market once by reversing a decades-long decline in production.
Now, as the boom fuels a surge in diesel consumption, the remote state may boast a second milestone: construction of the first U.S. greenfield refinery in 35 years.
Personal point - In 2008 I paid $3.80 a gal - today I paid $3.35 - guvmint be damned, with inflation, it has to go to $4 locally before being in new territory.
Being a 40 year verteran of the O&G industry, the people are real lucky our industgry continued to find new and innovative technologies for every phase from exploration to final mixing. If it were subject to normal inflation it would be $10.
Last edited by Retread; 02-15-2012 at 07:36 PM.
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