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0 comments Sunday 23 Sep 2007 | Posted By Patrick | Commentary

Shell has given the THUMBS UP to a joint expansion project with Saudi Refining at its Port Arthur, Texas refinery facility. The monumental increase in production will make it the largest refinery in the United States. After all, it is ADDING 325,00bpd, over TRIPLE the size of Detroit’s Marathon refinery (100,000bpd). Once complete in roughly [...]

0 comments Thursday 20 Sep 2007 | Posted By Patrick | Commentary

For those who are curious, here is a satellite picture of the World’s Largest Refinery in Amuay, Venezuela:
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0 comments Thursday 20 Sep 2007 | Posted By Patrick | Commentary

Well, seems the hot idea these days! I suppose we can’t complain too much. High gasoline prices have put “a few more cents” in the pockets of large oil companies, raising the amount of money they spend on their infrastructure.
ConocoPhillips is awating approval for a significant increase in production for their Wood River, IL refinery.

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0 comments Thursday 20 Sep 2007 | Posted By Patrick | Commentary

Looks like another company trying to hop on the bandwagon to add capacity to refine Canadian sand crude. The story from CNNMoney.com:
SUPERIOR, Wis. (AP)–Murphy Oil (MUR) is meeting with Wisconsin environmental
regulators and federal officials as it considers a $6 billion refinery
expansion. The El Dorado, Ark.-based company wants to know what permits [...]

0 comments Thursday 20 Sep 2007 | Posted By Patrick | Commentary

Well its ABOUT time! I’m actually quite surprised that its Shell Oil Co. that is making this announcement. Usually in my mind, Shell is the company that tried to run up prices. For them to make a comment that they’re close on doubling capacity at a refinery, you know they must be raking in the [...]

0 comments Tuesday 18 Sep 2007 | Posted By Patrick | Commentary

Goldman Sachs is not on my good side. Why? They try to use scare tactics to inflate the price of a commodity they hold a significant stake in. Goldman has millions if not billions tied up in oil contracts and keeps trying to use fear tactics to make prices jump and get a nice chunk [...]