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Do you guys know what it takes to permit a refinery today? the regulations, requirements and cost make it untenable, and it is completely due to the regulatory requirements. If the US gov't would let up on the environmental requirements we'd have cheaper gas in 12-18 months. We import oil but we refine much of it here. The oil supply is not the bottle neck, the availability of refineries is a true challenge not to mention the global demand.
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There has not been a new refinery built in the USA since 1978!!!!!! EPA/gov. regs. now have made it impossible for any company to build an
oil refinery today.......
Here in Louisiana, not that many years ago, we had between 20 and 30 oil refineries, granted a lot of them were small and near the oil,those were mostly in the northern half of the state..
Today we have about a dozen oil refineries, most all are located along the Mississippi River and the gulf coast!!!!!!!!!!!!
David