Originally Posted by banyon
See mlyons? Even Donger, who is very knowledgable usually about petroleum issues is aware of this fact.
They haven't been applying for some times. Usually the industry response is "the application process is just too difficult", citing environmental standards, and the environmentalists typically say "how would they know if they never try? It's to control prices".
Kind of a mexican standoff, but the ND news should be good for everyone. Of course they have plenty up there to refine with the horizontal fracking efforts.
I think you are not understanding my point. The energy companies would probably like to build new refineries, but they have chosen not to do so because of the environmental restrictions and general red tape that is involved in doing so. It's not worth it in both time and money, so they have just expanded existing refineries as a result.