When you take all the facts together, it seems that refining capacity over
the past 25yrs has been driven by economics not regulation. The "lack of
refining capacity" hysteria is simply the latest thing for pundits to talk
about. The conservatives want to blame the enviornmentalists and the
liberals want to blame the greedy oil companies. Hopefully the rules will
remain unchanged and economics will continue to drive decision making.
Refiners are flush with cash and don't need taxpayer handouts either
directly or indirectly through relaxed regulation.

I never thought I'd live long enough to hear a free-marketer like Mike refer
to "relaxed regulations" as a "taxpayer handout."

What a bizarre world this has become.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"