The city used to have an oil refinery, "Plateau", named for the geographic location of the area, the Colorado Plateau. The oil from this area is known as "Uinta Basin Black Wax Crude" and has to be refined differently than most types of oil. Those in the oil business and land owners who profit from oil shares indicated during the high oil prices of 2005–2006 that refineries were cutting their profits by limiting the amount of Uinta Basin Black Wax they would refine.