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Old 10-10-2012, 01:36 PM  
bevischief bevischief is offline
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Application for ND oil refinery approved, would be first built in US in 30 years

Application for ND oil refinery approved, would be first built in US in 30 years
NEW TOWN, N.D. - An oil refinery, the first to be built in the United States in more than 30 years, is planned for the Fort Berthold Reservation.

By: Forum Communications, INFORUM


NEW TOWN, N.D. - An oil refinery, the first to be built in the United States in more than 30 years, is planned for the Fort Berthold Reservation.

Secretary of the Interior Ken Salazar today announced approval of an application from the Three Affiliated Tribes of the Fort Berthold Reservation for the refinery.

Project developers of the MHA Nation Clean Fuels Refinery estimate it could create 800 to 1,000 construction jobs, up to 140 operations jobs, and millions in annual revenue to benefit the Mandan, Hidatsa and Arikara tribes and surrounding communities, according to the announcement.

The 13,000 barrel-per-day facility would refine Bakken crude oil into products including diesel fuel and propane.

The tribes requested that the Bureau of Indian Affairs accept a 469-acre piece of property into trust, with a proposed refinery on about 190 acres and the remaining acreage to be used for the production of feed for buffalo.

http://www.inforum.com/event/article/id/376913/
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Old 10-10-2012, 05:45 PM   #16
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Originally Posted by banyon View Post
Refineries haven't been applying to build new plants because they like the supply right where it is.
Don't forget to mention them idling and shutting down refineries that existed because they like suplly where it is either.
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Old 10-10-2012, 05:53 PM   #17
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Originally Posted by banyon View Post
Refineries haven't been applying to build new plants because they like the supply right where it is.
I don't think that's true.
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Old 10-10-2012, 06:20 PM   #18
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Originally Posted by banyon View Post
Refineries haven't been applying to build new plants because they like the supply right where it is.
No, it's just easier and most cost-effective to expand existing refineries. Also no enviro-weenie BS to deal with.
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Old 10-10-2012, 06:37 PM   #19
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Originally Posted by mlyonsd View Post
13k barrels a day isn't really all that much.

Here in SD a Texas company tried for several years to get approval for a 435k barrel a day refinery built just a few miles from me.

The Sierra Club has been fighting them the entire way. The company just gave up the options to the land they had acquired so I don't think it is going to fly.

The environmentalist wackos of this country need a smack down.
No, it's no Exxonmobil-Baytown, but it's great to see. As far ar the tree huggers, I agree with that as well, those little stinky ****ers are out of control. They are in an all out war with coal fired power plants as well.
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Old 10-10-2012, 08:23 PM   #20
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Originally Posted by Bwana View Post
No, it's no Exxonmobil-Baytown, but it's great to see. As far ar the tree huggers, I agree with that as well, those little stinky ****ers are out of control. They are in an all out war with coal fired power plants as well.
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Old 10-12-2012, 06:04 AM   #21
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Quote:
Originally Posted by mlyonsd View Post
I don't think that's true.

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Originally Posted by Donger
No, it's just easier and most cost-effective to expand existing refineries. Also no enviro-weenie BS to deal with.
See mlyons? Even Donger, who is very knowledgable usually about petroleum issues is aware of this fact.

They haven't been applying for some times. Usually the industry response is "the application process is just too difficult", citing environmental standards, and the environmentalists typically say "how would they know if they never try? It's to control prices".

Kind of a mexican standoff, but the ND news should be good for everyone. Of course they have plenty up there to refine with the horizontal fracking efforts.
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Old 10-12-2012, 06:45 AM   #22
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As a long time fan of a team out there...I would hope for them to relocate right before it happens
They'd just relocate to Los Angeles.
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Old 10-12-2012, 10:18 AM   #23
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Wonder if the fact that it's on what I assume is an Indian reservation, which makes it exempt from a bunch of laws as I understand it, is a significant factor? Probably so, and a sad statement on American over-regulation in the space if so.

Environmental regulations are good, but so is processing raw materials into usable products.
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Old 10-12-2012, 10:21 AM   #24
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Quote:
Originally Posted by banyon View Post
See mlyons? Even Donger, who is very knowledgable usually about petroleum issues is aware of this fact.

They haven't been applying for some times. Usually the industry response is "the application process is just too difficult", citing environmental standards, and the environmentalists typically say "how would they know if they never try? It's to control prices".

Kind of a mexican standoff, but the ND news should be good for everyone. Of course they have plenty up there to refine with the horizontal fracking efforts.
I think you are not understanding my point. The energy companies would probably like to build new refineries, but they have chosen not to do so because of the environmental restrictions and general red tape that is involved in doing so. It's not worth it in both time and money, so they have just expanded existing refineries as a result.
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Old 10-12-2012, 01:23 PM   #25
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Originally Posted by banyon View Post
See mlyons? Even Donger, who is very knowledgable usually about petroleum issues is aware of this fact.

They haven't been applying for some times. Usually the industry response is "the application process is just too difficult", citing environmental standards, and the environmentalists typically say "how would they know if they never try? It's to control prices".

Kind of a mexican standoff, but the ND news should be good for everyone. Of course they have plenty up there to refine with the horizontal fracking efforts.
It isn't a Mexican standoff. It is being tried in my backyard with little success.

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Old 10-13-2012, 03:14 AM   #26
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Old 10-13-2012, 06:24 AM   #27
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Originally Posted by banyon View Post
Refineries haven't been applying to build new plants because they like the supply right where it is.
Yet another absurd moonbat narrative.

Let me break it down into simple terms---

Let's say it costs the oil co. $60 dollars to purchase a barrel of crude, and it costs them $20 dollars to refine it, and $20 dollars to distribute and market it. They need to turn around and sell that product to make a profit, cover overhead, pay employees etc. What is the marginal cost of refining, distributing and marketing 100 barrels of oil? 200 barrels (doubling output) ?Does it increase profit (revenue - costs) or decrease profit?

An example of marginal cost:

If total cost of producing 10 widgets is $5 dollars, and the cost of producing 20 is $7 dollars, then the marginal cost of increasing output is $2 dollars. The price is basically determined by supply and demand, but there are other factors such as elesticity, inelasticity, the law of diminishing marginal utility etc.

Let's say the price is set at $2 a widget, and I can sell 10 widgets, I make $15. If I sell 20 widgets, I make $33 dollars. In this example, I've doubled output and increased profit (revenue-costs).

The price of a gallon of gasoline does not increase or decrease based on the refineries costs. It increases or decreases based on the variable cost of the barrel of crude. The oil company simply passes those costs onto the consumer--- who's demand incidentally is not inverse to supply. The law of diminishing returns doesn't change much when it comes to gasoline usage.

So there you have it: price is determined by what a barrel of crude costs the company, and it is not affected by the marginal costs of refining it.

Oh, it's also increased by taxation.

In 1950 the tax on a gallon o' gas was 1.5% of the price. In 2011, it's 20% of the price.

This is all common stuff you learn in the first semester of college if you major in economics.

It's pretty amusing this ass says he has a B.A. in economics:

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Don't forget to mention them idling and shutting down refineries that existed because they like suplly where it is either.
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