SEGMENT REPORTING

3 Months Ended

Mar. 31, 2012

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 months ended March 31, 2012 and 2011, are as follows:

THREE MONTHS ENDED MARCH 31, 2012
			Refining &
	Black Oil		Marketing		Total
Revenues	$	8,600,377	$	26,227,562	$	34,827,939
Net income from operations	$	322,213	$	1,368,104	$	1,690,317
Total Assets	$	11,021,409	$	10,343,389	$	21,364,798
THREE MONTHS ENDED MARCH 31, 2011
			Refining &
	Black Oil		Marketing		Total
Revenues	$	4,402,106	$	15,906,797	$	20,308,903
Net income from operations	$	2,003	$	1,242,838	$	1,244,841