the major oil companies don't want to build anything, they like the situation just the way it is. tight refining capacity, lack of storage for refined products, high prices and high profits. why would they invest to change a system from which they are reaping record profits?
"the major oil companies don't want to build anything, they like the situation just the way it is. tight refining capacity, lack of storage for refined products, high prices and high profits. why would they invest to change a system from which they are reaping record profits?"
It's humorous to see the envirowhackos blamed for all petro evils, as if the wonderful altruistic Big Oil really, sincerely wants more supply and lower prices!
Actually refining has historically been the step child and low profit maker for most major energy companies.