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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Ron M who wrote (256013)	6/29/2008 10:10:34 PM
From: Snowshoe	Respond to of 793717

>>There is one group attempting to build new refinery capacity in the AZ desert near Yuma. They have been delayed for years by the permitting process.<< I've followed that for a few years, and I seriously question that company's business sense. First they wasted valuable time trying to build a refinery in the general Phoenix area, which already has air quality problems. Quite predictably, their application got shot down so they shifted to Yuma and got the air quality permit. Their original idea was to get a long-term commitment for oil from Mexico, but were unable to do so. Mexican production is falling off a cliff, and Mexico may cease exporting oil altogether within five years. So then they concocted a plan to pipe oil from the Canadian oil sands across the Rockies to the west coast. Then tanker it down to Mexico and pipe it to Yuma. It seems like an awfully complicated plan for a small refinery with no financial backing, and I seriously doubt it will ever happen. Why not just build a refinery in the Upper Midwest to process that Canadian oil? That's what Hyperion Resources wants to do in South Dakota. I think they have a better chance of succeeding, but I wonder if they will move forward in the face of rapidly rising oil prices... South Dakota Voters Approve What Could Be First New U.S. Oil Refinery in Decades foxnews.com