"George Patterson" wrote in message
news:LQaPe.3479$SW1.2859@trndny09...
TaxSrv wrote:

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?

From what I've read, we are at a period of running at capacity. Which
means
that we are getting close to a period in which (as Mike put it) "the
market
grows and there is a shortage." Which will be followed by a period in
which (as
Mike put it) "Then everybody builds more and there is a glut again."

Except they haven't built a new one in about 30 years, and they've closed
(how many) in those 30 some odd years.