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Bakken Oil, Marcellus Gas Save 850 Philadelphia Jobs; Create Hundreds More
July 6, 2012
News of private-equity investor The Carlyle Group LP’s deal with Sunoco Inc. brings the Northeast U.S.’ high-priced oil-feedstock market into new, lower-priced, U.S. oil supply. Tudor, Pickering, Holt & Co. Securities Inc. analysts sum it up: “Cheap domestic supply versus expensive, light-oil imports equals action.”
Sunoco’s Philadelphia refinery had been slated for closing next month, while ...
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