What does that mean for Alaska? My First Wife's brother lives in Fairbanks and is mostly retired after many years trucking to Prudoe Bay and the oil fields. He went up to haul pipe for the line in the 70s...
Not surprising. Right now gas can be barged up from the L48 and sold cheaper than Flint Hills gas. DOn’t know when tht will happen, but I suspect sooner rather than later.
Ironic, eh?
Flint Hills has been reporting losses for a year. Still continues, although it is not certain whether the Fairbanks refinery is still losing money. If the refinery closes, Eielson AFB would lose its jet fuel, and most houses would lose their heating oil. Also the Fairbanks Int Airport would lose its 15-25 airfreight refuels a day. Some gasoline is also produced.
Gasoline continues to be about a dollar higher a gallon than Outside and would not get cheaper.
If the State buys the refinery, which provides 45% of the ARR freight income, it would operate at the same loss, I assume. I do not favor State ownership of any businesses since if the businesses fail the State will eat the loss and things are going to get tight anyway in the years ahead. It’s a bailout.