Three quarters of the East Coast's refinery capability is located in the Philadelphia region.
Sentiment: POSITIVE
Companies, cities, and potentially even individuals could have a small refinery to make their own fuel.
By curious accident of history and geography, the world's major energy resources are located pretty much in Shiite regions. They're a minority in the Middle East, but they happen to be where the oil is, right around the northern part of the Gulf.
More than 54,000 jobs in the region are dependent upon the Port of Philadelphia alone.
Thirty percent of the Nation's energy comes off the gulf coast.
As we all know, no crude oil refineries have been built in the United States since 1976. During that time, close to 100 ethanol refineries have been built.
The Philadelphia region does have capital, but there's no concentration of it.
States with tremendous oil and natural gas reserves have the most to gain economically from proper regulation.
Arizona should be to the Sharing Economy what Texas is to Oil and what Silicon Valley used to be to the tech industry.
The gulf coast, we all know now, after Katrina, is responsible for 25 percent of U.S. production of natural gas. Following Katrina and Rita, almost 75 percent of the natural gas production in the gulf was shut down and not producing.
We access virtually every producing basin, whether for natural gas or crude oil, in the U.S. and Canada.