Almost half of all U.S. crude oil production from onshore basins comes from the Permian Basin according to the EIA. We're talking about a massive amount of daily oil production--3.8 million barrels per day.

And now a home-based Permian refinery has landed on the drawing boards that aims to start processing West Texas light oil at home in the heart of the U.S.'s hottest oil region.

Assuming permitting moves along, funding is in place, a FID is reached, and any court challenges are successfully won, a brand new 'environmentally-beneficial' refinery could land smack in the middle of the Permian Basin.  The company behind it, Meridian Energy Group, Inc., is no stranger to winning those challenges. Meridian made it through permitting and c...

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