Do you think Big Oil stopped building refineries because Big Environmental created to many road blocks?

Not big environmental. It's objections from residents of town targeted for a new refinery. It,s the NIMBY thingy.Do you think Big Oil stopped building refineries because Big Environmental created to many road blocks?
Nope, that is the farthest thing from the truth. Texaco and Chevron both closed refineries in California in the late 1990's and early 2000's. All of them were operating at the time too. It was all for higher profits. It obviously worked. And, the current refineries we have are only operating 70% capacity.





BTW, environmentalists don't make the laws. And, the GOP has been in charge of the government for 6 of the last 8 years. Hmm, last time I looked Republicans could care less about environmentalists and only cared about oil profits.Do you think Big Oil stopped building refineries because Big Environmental created to many road blocks?
no they stopped building refineries, because of simple math...





REFINE LESS + SHIP LESS + LESS LABOR + LESS COST = CHARGE MORE FOR GASOLINE





here's a simple example...not a precise example...but nonetheless it should convey my point...





You can pick and sell 10 oranges for 2 dollars each, or you pick and sell 5 oranges for 4 each. As a business person which makes more sense ? They both equal 20 dollars right ?....but you only had to transport half of your product if you go with 5 for 4...therefore you made more money and the reason for the inflated cost is....';supply'; and ';demand';. Of course it helps when you only have a handful of other people selling oranges along side you so they can do the same thing...(collusion)
No, petroleum products are transportable goods. they can be manufactured anywhere and shipped to the markets.





They quite building refineries here because it's much cheaper to build and operate refineries in third world countries and ship the gas to market.
Down here in Texas, some of the refineries in Pasadena and Texas City have gone boom at various times. Kind of hard for an Oil Company to get around that kind of bad publicity.
More likely to keep the supply bottleneck in so that they could keep prices up.





WHo's ';big environmental'; anyway? I keep hearing about it. is it some kind of rap band?
Well, seeing as how none have been built because they aren't allowed by enviromentalists... I would say, ';DUHHH! Yes';
No. Fewer refineries = increased profits.
Well, since it takes more than 10 years to get approval because of all the roadblocks, I would say that is a safe bet.