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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

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 [...]

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 would [...]

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 Wednesday 29 Aug 2007 | Posted By Patrick | Commentary

Marathon announced yesterday that it is exploring a $1 billion expansion of its Detroit refinery- holding the promise of stabilizing gas prices in the region and creating some jobs. Marathon is studying adding a “whopping” 15,000 barrels per day (at BEST possibly 420,000 gallons of gasoline per day) to the refinery. What do I have [...]

0 comments Thursday 23 Aug 2007 | Posted By Patrick | Commentary

Great news! BP has agreed NOT to increase their discharge limits even though they had been allowed via a foolish EPA ruling. Thanks to all those who signed the petition- I would have expected BP to cooperate with what the citizens of MANY states demanded. The press release: http://whiting.bp.com/go/doc/1550/169779/ Warrenville, IL- BP America today promised [...]