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The Pipelines Behind The Epic Paul Ryan-Koch Industries Feud

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Koch Industries, which is not thought of in attock oil refinery jobs near me the public imagination as an importer, makes the checklist largely for its importation of tar sands oil. In 2015, the last full 12 months for which the Division of Vitality has records, the company’s Pine Bend refinery in Minnesota imported just under attock oil refinery jobs near me eighty million barrels of tar sands oil from Canada, accounting for a quarter of all of the oil imported from up north. Although the worth of tar sands oil has fallen to as little as $8 a barrel, whereas international crude prices are about $fifty five a barrel, the Kochs would find yourself with $640 million in imports. A 20 p.c tax on $640 million in oil would cost the Kochs $128 attock oil refinery jobs near me million each year.