Larry W4CSC wrote:

Dave wrote in
:

The enviros have made sure that no new refineries could be built in
this country in the last 30 years.


I'm no longer sure that is true. Why would I want to build new refineries
if I could just keep doubling the price caused by the shortages I create by
not building new refineries? My piece of GDP doubles without further
expenditure of capital. It doesn't take a Harvard economist to see that's
not a bad idea....for big oil.


Indeed!

It wasn't regulation that made for 3 out of 4 refineries in Montreal
to close in the last 20 years. Why would an oil company build a new
refinery when, in fact, they close them as fast as they can. It was
intersting last year to notice that while the price at the pump
climbed 11 cents a liter, profits at the refinery went up the same 11
cents a liter!

Jean
Montreal