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#11
May 24th 04, 02:11 PM
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Peter Gottlieb opined
"Tom Sixkiller" wrote in message ... "Mike Rapoport" wrote in message nk.net... When it is profitable enough then more refining capacity will be built. Don't think so. Couldn't do it if they if they wanted to. If the regs were "relaxed", it would still be prohibitive after the cost of dealing with the regs were amortized. If refining is so incredibly expensive here then why isn't the refining being done where it is cheaper and the final product shipped here for consumption? WE are importing refined products from Europe and Venezuala. 10 or 20%, IIRC. But it is an inflexible pipeline, and some overseas refineries are not willing to upgrade in order to produce the latest EPA mandated concoctions. The logical conclusion is that refining here, with all the regulations, is still economically favorable as compared to refining elsewhere. -ash Cthulhu for President! Why vote for a lesser evil? 
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