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The Pipelines Behind The Epic Paul Ryan-Koch Industries Feud

Patent-oriented sieve trayKoch Industries, which is not thought of in the general public imagination as an importer, makes examples of class c petroleum products 2017 the list largely for its importation of tar sands oil. In 2015, the final full 12 months for which the Division of Power has data, the company’s Pine Bend refinery in Minnesota imported slightly below 80 million barrels of tar sands oil from Canada, accounting for a quarter of all of the oil imported from up north. Though the value of tar sands oil has fallen to as low as $eight a barrel, while global crude prices are about $fifty five a barrel, the Kochs would find yourself with $640 million in examples of class c petroleum products 2017 imports. A 20 percent tax on $640 million in oil would value the Kochs $128 million every year.