Interesting. The Democrats, the regulators, and the environmentalists have worked together to shut down the building of any new refineries in the United States for many years. As we saw recently in California, not even a huge energy crunch can persuade these people to relax the restraints and delays on building.
This article says that refiners must invest in new coking technology. But why must they? Corporations only invest if they see reasonable prospects for profit, or for protecting profits.
The Democrats will see this as a further opportunity to disrupt the markets, raise the price of gasoline and fuel oil, and blame it on Bush.
"This article says that refiners must invest in new coking technology. But why must they? Corporations only invest if they see reasonable prospects for profit, or for protecting profits."
Because if they don't they won't be able to refine oil, and if they don't refine oil, they won't make any profits. This isn't rocket science.