Quote:
Originally Posted by Bowser
You have me confused with someone else. That is the first time I've asked that.
|
Okay, that's certainly possible. I've answered that question multiple times in many threads. I think I answered it in this thread, too.
* EDIT - Post 104
Correct. There two reasons why the oil companies haven't built one: profit and red tape. A new refinery would be a huge capital expense. Sure, they presently have the cash, but realizing a profit from a new refinery would take years. Also, our government has made building (let alone getting one approved) a refinery an extremely painful process. Environmental regulations, politics, etc. Instead, they have chosen to expand existing refineries to meet demand (and import refined gasoline).
Sorry, for some reason I thought you had asked it before.