Just wondering.
To be economical, do refineries have to be near certain factilities - ports for example so that they can take in crude and ship out gasoline and other refined products?
How many of the bases would be viable if there are such requirements?
With oil companies earning record profits, do they have an incentive to build additional refinery capacity?
"With oil companies earning record profits, do they have an incentive to build additional refinery capacity?"
How do you think they are making increased profits? The majors are building new refineries around the world but the EPA and the tree huggers make it impossible to build in the USA. Foreign countries are purchasing USA located decommissioned refineries left and right, relocating the refineries in their own countries.