A local referendum has approved zoning allowing what could be the
first new
oil refinery to be built in the US in 30 years. Voters in a
small South Dakota town approved the proposed facility to be
built and operated by Hyperion corporation. It still needs final
air quality rulings from the state there. If built, it will be
refining Canadian oilsands crude.
ed.z.: As fuel prices rise, opposition to refineries will drop,
inevitable.
It goes without saying that the demand for refined petroleum is
at or near its highest level ever, and the industry's
complaint is that we need more refineries to increase capacity.
But now that the baby has its bottle, how many more refineries
are going to follow? While I don't think you can lose
money with the investment, analysts should look at this in the
abstract as an industry with rising materials costs and
allegedly razor-thin margins, you have a product losing that can
price itself right out of a market where it is already losing its
resting inertia.
Alt-energy is past the proof-of-concept stage and waiting for its
Henry Ford. Anybody want to buy into my saddle and harness
business?
It seems to me after 30 years we OUGHT to be able to create a
refinery that can potentially accept MULTIPLE feedstocks.
As in Coal, Oil, Biodiesel, Cellulose, and Glucose/Sucrose
feedstocks to produce fuel from whatever is cheapest.
Even if some of the input conveyers lead to a giant hole in
between the conveyer and the pipeline- given the high cost of a
barrel of oil, it would be well worth the effort to design for
multiple feeds.
It is already there, giant windfarms are common as can be now and
many areas of the world have a thriving solar PV business. I
think we are beyond a single henry ford anymore, but *dang* some
of the union rust belt folks need to take a look at their pension
fund stashes and open their own model A wind and solar factories
and run them as a profit sharing co-op with zero outside
investors. Eliminate 5 layers of skim off the top and you can
probably be quite competitive with traditional energy sources,
especially if you don't have to go buy millions and billions
in "carbon credits" just to operate, nor have to fund
short attention span "stock holders" or deal with goons
like icahn and top heavy herds of "management". Mass
quantities is what gets stuff cheap. We got empty factories all
over. Heck, what is a windcharger but a DC motor on a pole with a
prop on it. It just ain't rocket surgery. Solar PV takes a
fab, that is probably a lot more expensive to build, but the cost
of energy is not going down anytime soon, most any forms of
energy production will "make money" eventually. Joe
small town alternator/starter repair shop has everything they
need to start pumping out a basic small homeowner sized
windcharger system, they can build and assemble almost everything
they need with what they got, sub out the props and buy in a
control panel.
New Refinery in South Dakota Closer
A local referendum has approved zoning allowing what could be the first new oil refinery to be built in the US in 30 years. Voters in a small South Dakota town approved the proposed facility to be built and operated by Hyperion corporation. It still needs final air quality rulings from the state there. If built, it will be refining Canadian oilsands crude.
ed.z.: As fuel prices rise, opposition to refineries will drop, inevitable.