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Old 05-13-2007, 02:31 PM   #209
BeaverEater BeaverEater is offline
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Quote:
Originally Posted by Donger
Haven't you asked this question before and gotten the answer?
He asked a similar question, but he got the answer to that one as well in post #136.

Quote:
Originally Posted by Donger
The current refinery squeeze has been building for years. For the past two decades, deregulation and low profits have combined to push the industry into consolidation. Partly because of environmental regulations, it was cheaper to expand existing refineries than to build new ones. In 1981, the US had 324 refineries with a total capacity of 18.6 million barrels per day, the Department of Energy reports. Today, there are just 132 oil refineries with a capacity of 16.8 million b.p.d., according to Oil and Gas Journal, a trade publication.
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