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WHAS11.com | News for Louisville, Kentucky | Statewide News
www.whas11.com, 25 July 2006 [cached]
"We want to make sure they come home to their families .... and spend a little time in Kentucky," said Frank Lynch, president of Somerset Refinery Inc. and honorary chairman of the local fund-raising effort.
Supporters throughout the state had raised about $18,000 of the total on Friday.
The Commonwealth Journal
www.somerset-kentucky.com, 31 Mar 2004 [cached]
Frank Lynch, president/owner of Somerset Refinery, ties the gas price problem directly to issues of supply and demand and terrorism. Supply and demand is "strictly the main issue" when it comes to fluctuating prices, he said.He also said gas prices are "based on the world marketplace" and the many factors which affect it. He further attributed the problem to "interference by terrorists," referring to the destruction of oil pipelines and other terrorist activities. He said some countries which are allies to the U.S. are facing oil shortages."They can't seem to buy it." Lynch also said political issues in Venezuela, which has one of the world's largest refineries, is affecting the world's oil market. To drill, or not? In line with general oil industry opinion, Lynch contends that opening up more domestic oil sources is the way to go.
Tennessee Oil and Gas Association
www.tennoil.com, 9 Sept 2007 [cached]
Board member Frank Lynch and Roy Shirley, former owners of the Somerset refinery, also briefed the directors as to the status of the refinery.
If they are successful, Lynch
says they have several buyers, standing by, with the financial capability and expertise to deal with the existing debt, upgrade the refinery, bring in additional crude and put the refinery back in operation.
Officer and Directors - Tennessee Oil and Gas Association
www.tennoil.com, 7 Sept 2007 [cached]
www.knoxvillenews.com, 30 Oct 2005 [cached]
"No one expected oil prices to do what they've done," said Frank Lynch, president of Somerset Oil in this southern Kentucky town 80 miles south of Lexington."With the high-dollar crude, all of a sudden we were thrown into the big game." Somerset Oil
had gone about its business almost unnoticed for decades.That changed last year when crude jumped beyond $20 a barrel and kept on rising.
Now Lynch said he
expects the supply of crude from local wells to his
refinery to increase from 2,800 barrels to 5,500 barrels within the next month and to 7,500 by the end of March.