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Mon Apr 16, 2012, 05:13 PM

 

Suck it Koch Bros

Energy costs, jet fuel drop combine to close refinery

FAIRBANKS -- Decreased jet fuel sales in Anchorage were a secondary factor into the decision to shut down a crude oil refining unit at the North Pole Refinery, which will cost 35 to 40 jobs, according to a spokesman for refinery owner Flint Hills Resources.

Jeff Cook told the Fairbanks Daily News Miner that competitors are able to sell jet fuel cheaper to Ted Stevens Anchorage International Airport because it costs them less to produce it.

"We cannot economically compete with refiners who can bring jet fuel into Anchorage refined at other locations with a) cheaper crude, and b) cheaper energy," Cook said.

Besides the job loss, the decision will affect the Alaska Railroad, a spokeswoman said.

http://m.adn.com/adn/db_90853/contentdetail.htm?contentguid=rUQNMHDZ

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