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To: JDN who wrote (62075)9/29/2004 7:21:50 AM
From: John Carragher  Read Replies (1) of 64865
 
a lot of refining capacity was built off shore.. for example with environmental and gov. obstruction many international oil companies built refinery capacity in our countries and import oil that has been through part or all of the refinery process.

I can remember major investments made in south america to build refineries there and import finished product. So we cannot say we are refinery limited in states. We have built huge refinery capacity in other parts of the world.

Big problem is the political stability of the governments in countries like Venezuela. Large refinery capacity was built in Venezuela twenty years ago to increase refinery capacity and avoid environmental laws in the states. Now we got a dictator who controls a great deal of our imports and who hates United States.
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