United States might finally build a new oil refinery in 2013

The first new oil refinery in the United States in thirty years is one step closer.

Union County residents voted 58 percent to 42 percent Tuesday to endorse the rezoning of almost 3,300 acres of pristine farm land north of Elk Point for the oil refinery. Texas-based Hyperion Resources requested the rezoning for the $10 billion refinery, billed as a potential step toward national energy independence.

It will process 400,000 barrels of oil per day (mostly from Canada’s oilsands) and will likely be in operation in 2013.

North Dakota reported 5700 more barrels of oil per day in March, 2008 MArch production was 143738 bopd versus February 138013 bopd.

Reece Energy Exploration Corp. rose to a third-straight record in Toronto after saying it found oil in the first well it drilled in the Bakken area in Saskatchewan


Previous coverage of North Dakota’s Bakken Oil

Daily North Dakota drilling and production reports (after 6 months on confidential list)

North Dakota oil statistics

1 thought on “United States might finally build a new oil refinery in 2013”

  1. I think the hardware capability is developing faster than most people had predicted. Algorithm and highly software dependent AI is less predictable, but AI based on neuron and brain simulation should have success and useful capabilities.

    Refinements in efficiency of converting general purpose petaflops into better brain simulators (through algorithmic and science improvements) will further accelerate developments.

    Another main point – human equivalent supercomputers by 2012 and human equivalent workstations by 2018. Which also means at least the weak version of greater than human level intelligence in supercomputers in 2012+. Weak in that the human intelligence is many times faster and more larger than human intelligence. Strong AGI would mean that the intelligence would be not just faster but superior to human intelligence in qualitative ways.

  2. Soo… What’s your ultimate point? That it may/will take 5-20 years longer to achieve these computation densities than the boosters think?

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