"Jay Honeck" wrote in message
news:Ra1sc.10707$af3.571010@attbi_s51...
When it is profitable enough then more refining capacity will be built.
On
the production side, the market is telling you that it is not very
attractive to drill at recent prices.

I was under the impression that restrictive EPA regulations had
essentially
halted new refinery construction?

And any NEW drilling.