U.S. giving away ownership and control of our Energy and refineries


BUNKERVILLE | God, Guns and Guts Comrades!

While we have been puffed up feeling good about our new energy finds, the continued eroding of its control and ownership has been slipping away. I first started reporting on the story when the major refineries closed in Philadelphia, once known as a major hub. What I found several years ago was chilling. We may have lots of oil, but  between the EPA bearing down, and the sale to foreign entities, mainly China, we have much to be concerned about, particularly our refineries.. First the update, then we take a look at the industry as a whole.

Aug 5 (Reuters) – Venezuelan state oil company PDVSA will sell North American unit Citgo Petroleum if it receives a good offer, Petroleum Minister Rafael Ramirez told reporters on Tuesday in what would be its biggest pullback ever from the U.S. refining market.

Citgo has three U.S. refineries with combined capacity of some…

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