(Self-Banished @ Nov. 28 2014,7:01 am)

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Wow, I watched oil dip momentarily below $69 this am.
Gas should continue to fall.

Trouble is I can here the progressives now, "we need to increase the gas tax"

...or add more ethonal (farmer welfare)    

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However, an independent study conducted by the Cornell ILR Global Labor Institute refers to some studies (e.g. a 2011 study by Danielle Droitsch of Pembina Institute) according to which "a good portion of the oil that will gush down the KXL will probably end up being finally consumed beyond the territorial United States". It also states that the project will increase the heavy crude oil price in the Midwestern United States by diverting oil sands oil from the Midwest refineries to the Gulf Coast and export markets.[38]

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the Dakota Prairie Refining facility four miles west of Dickinson is the first greenfield refinery of notable size built in the United States since Marathon Oil’s Garyville Refinery in Louisiana was completed in 1976.

Granted, the Dickinson refinery is nowhere near as large or complex as the Garyville Refinery, which processes up to 522,000 barrels per day and is the nation’s third-largest oil refinery.

“It’s smaller than most and it’s, quite frankly, simpler than most,” said Podratz, who will manage

the plant as it refines 20,000 barrels per day of Bakken crude oil into 7,000 gallons of diesel and roughly the same amounts of two byproducts. (The newest U.S. refinery began operating in 2008 in Douglas, Wyo., and now processes up 3,800 barrels per day for Antelope Refining.)

But its relatively small stature doesn’t detract from the refinery’s significance, said Ron Ness, president of the North Dakota Petroleum Council.

“I think you can’t underscore enough the significance of somebody getting this done in America, and the fact that it ends up being a North Dakota company, built by a North Dakota contractor like Westcon … it’s just a fantastic achievement,” he said.


Dickinson diesel refinery ‘a fantastic achievement’

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Most, if not all, of the diesel will be sold within 100 miles of the refinery, Podratz said, adding there’s “fairly strong” local demand – enough that one local truck refueling station offered to buy the refinery’s entire diesel output.

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North Dakota had the lowest seasonally adjusted unemployment rate in the nation in October, at 2.8 percent, according to preliminary figures from the federal Bureau of Labor Statistics. South Dakota ranked second at 3.3 percent

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For the middle class, it’s the hopes of one day entering the ranks of the rich that keeps people on the straight and narrow. The idea that we will all be rich one day has deeply permeated American society, despite the fact that it will happen for very, very few of us. But it’s those ideas — that one day we’ll all be on top —  that keep people voting for policies and politicians, that do enormous harm to us economically.

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