SEGMENT REPORTING

9 Months Ended

Sep. 30, 2011

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 10.  SEGMENT REPORTING

The Company’s reportable segments include the Black Oil and Refining & Marketing divisions.  Segment information for the three and nine months ended September 30, 2011 and 2010, are as follows:

NINE MONTHS ENDED SEPTEMBER 30, 2011
			Refining &
	Black Oil		Marketing			Total
Revenues	$	15,101,466	$	63,299,623		$	78,401,089
Net income from operations	$	330,072	$	3,408,489		$	3,738,561
Total Assets	$	5,816,438	$	11,997,459		$	17,813,897
NINE MONTHS ENDED SEPTEMBER 30, 2010
			Refining &
	Black Oil		Marketing			Total
Revenues	$	14,726,733	$	27,707,586		$	42,434,319
Net income (loss) from operations	$	867,248	$	(230,815	)	$	636,433
THREE MONTHS ENDED SEPTEMBER 30, 2011
			Refining &
	Black Oil		Marketing			Total
Revenues	$	6,253,317	$	24,048,009		$	30,301,326
Net income (loss) from operations	$	290,823	$	743,995		$	1,034,818
THREE MONTHS ENDED SEPTEMBER 30, 2010
			Refining &
	Black Oil		Marketing			Total
Revenues	$	6,673,791	$	6,616,637		$	13,290,428
Net income (loss) from operations	$	618,060	$	(466,792	)	$	151,268