Quote:
Originally Posted by Varmit
It was just on the news and the discussion was that there need to be more refineries in Cali in that none have been built for years, and the refinement has not kept up with the growth of the state or demand.
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They probably do need more refineries, but regulations or not, they will not be built. There is no money in a refinery unless it runs at 90% or above capacity. They are not worth the work to build one. As we just saw in California, it is much easier to crank up the prices and limit demand than build a refinery. Heck, the distributors, stations, etc. probably made $2/gallon on gas they had sitting in the tank for the last month. Talk about a killing!