Tuesday, November 22, 2011

Bakken plans first U.S. refinery in 35 years

(Reuters) The Bakken shale oil bonanza in North Dakota has already upended the U.S. oil market once by reversing a decades-long decline in production.
Now, as the boom fuels a surge in diesel consumption, the remote state may boast a second milestone: construction of the first U.S. greenfield refinery in 35 years.
... More than 100,000 bpd of crude is now moved out of the Bakken by rail. Last week BNSF, a leading shipper, loaded a 103-tank train at the newly completed Bakken Oil Express bound for St. James, Louisiana, some 1,700 miles south. Continued

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