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Originally Posted by djnemo65
I don't think you understand how limiting refinement capacity can impact price so let me explain it again. By operating at full capacity no reserve supplies are accumulated, which keeps the price high. More oil going into the marketplace would bring the price down.
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once again, more oil isn't going into the marketplace, it'd be more refined fuels. Thats why oil prices haven't shot up at the pace of gas prices. If you think the envirnmentalist WANT more refineries or power plants, that's just wrong. Some groups are especially vocal about lobbying against any such legislation. To totally ignore that shows inadequate knowledge of current and ongoing political realities.
and farmers have been paid NOT to farm for decades. The demand for fuel and energy far outpaces the supply for food, and the supply is lower. I'm not sure where you got your figure of $3 billion for a refinery, but i'd sure like to see that math.