"TaxSrv" wrote in message
news
"Mike Rapoport" wrote:
Actually, it has almost nothing to do with the EPA.
...
Refineries are like anything else, there are too many of
them so nobody builds any more.

I'm not an expert on this industry either, but do you have a source for
the above? Is the industry lying when they say that at peak demand,
refineries are generally at capacity?

Fred F.


I don't have a single source, but you will find many references to
refineries running at capacity today and you will find that most of the
major refiners are making large capital improvements to their existing
refineries (mostly more ability to handle heavy, high sulpher crude). The
process of adding capacity has begun but it takes a long time to complete.

It doesn't matter if we are talking about refining capacity or almost
anything else, the process is pretty much the same. I used to observe the
shortage to glut process in the San Francisco office space market.

Mike
MU-2