SEGMENT REPORTING

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 11.  SEGMENT REPORTING

The Company’s reportable segments include the Black Oil and Refining & Marketing divisions.  Segment information for the nine months ended September 30, 2012 and 2011, are as follows:

NINE MONTHS ENDED SEPTEMBER 30, 2012
				Refining &
	Black Oil			Marketing		Total
Revenues	$	25,841,948		$	76,474,754	$	102,316,702
Income from operations	$	(830,048	)	$	2,770,757	$	1,940,709
Total Assets	$	22,620,722		$	27,960,111	$	50,580,833
NINE MONTHS ENDED SEPTEMBER 30, 2011
				Refining &
	Black Oil			Marketing		Total
Revenues	$	15,101,466		$	63,299,623	$	78,401,089
Income from operations	$	330,072		$	3,408,489	$	3,738,561

THREE MONTHS ENDED SEPTEMBER 30, 2012
				Refining &
	Black Oil			Marketing		Total
Revenues	$	7,317,484		$	28,878,086	$	36,195,570
Income (loss) from operations	$	(1,401,764	)	$	1,820,642	$	418,878

THREE MONTHS ENDED SEPTEMBER 30, 2011
			Refining &
	Black Oil		Marketing		Total
Revenues	$	6,253,317	$	24,048,009	$	30,301,326
Income from operations	$	290,823	$	743,995	$	1,034,818