One America News is reporting today that the MMEX Resources Corporation is building a $50 million oil refinery in Pecos County, Texas. This will be the first refinery built in America in forty years.

The article reports:

It will be developed in two phases and is expected to create hundreds of jobs.

Once completed, the 126-acre refinery will be able to process 10-thousand barrels of crude oil each day.

Meanwhile, officials plan to file permits for a second unit which would be able to produce 100-thousand barrels.

The first phase of the project is expected to be completed by the end of 2018.

Like it or not, the world economy is carbon-based. Until someone comes up with a source of green energy that is reliable and does not have to be backed up by carbon-based energy, the world economy will continue to be carbon-based. In March 2011, I posted an article explaining what happened to Spain when they decided to convert to totally green energy. If the free market is allowed to function, we may actually come up with a workable form of green energy in the future. Until then, the search for and use of green energy is somewhat like man’s search for a perpetual motion machine. The laws of physics and principles of matter just keep getting in the way.