SEGMENT REPORTING

6 Months Ended

Jun. 30, 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 six months ended June 30, 2012 and 2011, are as follows:

SIX MONTHS ENDED JUNE 30, 2012
			Refining &
	Black Oil		Marketing		Total
Revenues	$	18,524,464	$	47,596,668	$	66,121,132
Income from operations	$	571,715	$	950,116	$	1,521,831
Total Assets	$	8,813,701	$	10,188,592	$	19,002,293
SIX MONTHS ENDED JUNE 30, 2011
			Refining &
	Black Oil		Marketing		Total
Revenues	$	8,848,149	$	39,251,614	$	48,099,763
Income from operations	$	39,632	$	2,664,111	$	2,703,743

THREE MONTHS ENDED JUNE 30, 2012
			Refining &
	Black Oil		Marketing			Total
Revenues	$	9,924,088	$	21,369,105		$	31,293,193
Income (loss) from operations	$	249,502	$	(417,988	)	$	(168,486	)

THREE MONTHS ENDED JUNE 30, 2011
			Refining &
	Black Oil		Marketing		Total
Revenues	$	4,446,043	$	23,344,817	$	27,790,860
Income from operations	$	37,630	$	1,421,272	$	1,458,902