They have expanded, but no where near that much. But neither has demand.
Total throughput has gone up, not as much as demand has grown but fuel production is close.
http://tonto.eia.doe.gov/dnav/pet/hist/wgirius24.htm
Also, the refineries have been upgraded so that more product like gasoline and diesel is produced from the same amount of crude and less "leftovers" like petroleum coke and residual oil.
http://tonto.eia.doe.gov/dnav/pet/hist/wgfrpus24.htm
A good basic read on that is part of:
The Truth About Oil and Gasoline: An API Primer
http://www.energytomorrow.org/energy_issues/truth_about_oil_gasoline_primer.pdf
Thanks for your input / facts ..........your knowledge in this arena is something I for one have learned a lot from.
Grateful for the education you provide Thackney.
I’ll go read the links !
Stay Safe !
Liberal RAT response = totally ignoring facts (which they’ve been doing for who knows how long) or dismissing it as lies by Big Oil companies.