Breitling Oil and Gas Morning Podcast #251 3-8-13

Posted on March 8, 2013 | Categories : Daily Texas Podcasts

Delta Airlines is using Bakken crude as a source for making jet fuel at its refinery in Pennsylvania.

The company recently received its first Bakken shipment, via rail, after deciding to replace higher cost foreign crude oil supplies. Monroe Energy, a Delta subsidiary, had slowed production at the 185,000 barrel-per-day refinery in November and Bakken crude is expected to improve profits and retain jobs for the refinery’s 400 employees.

Gov. Jack Dalrymple announced the first Delta shipment and said it’s another example of how Bakken crude is reducing the country’s dependence on foreign oil. He said Phillips 66, another East Coast refinery, committed to shipping Bakken crude to its plant in New Jersey.

This is Delta Airlines’ second involvement in the Bakken boom. It announced it’s beginning air service between Dickinson and its Minneapolis hub starting June. 10.  Convenient for them!

Podcast: Play in new window
| Download

Breitling Oil and Gas offers oil and gas investment opportunities through direct oil and gas participation programs which enable investors to participate in the potential cash flow and unique tax benefits associated with oil and gas investments. View Breitling's Reg D filings with the U.S. Securities and Exchange Commission

Disclaimer: There are significant risks associated with investing in oil and gas ventures. The above information is for general purposes only and is not a solicitation to buy or an offer to sell any securities. General information on this site is not intended to be used as individual investment or tax advice. Consult your personal tax advisor concerning the current tax laws and their applicability and effect on your personal tax situation.

Powered by Rack Alley