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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (228517)4/9/2005 10:13:42 PM
From: combjelly  Read Replies (2) of 1578504
 
"If profits are so good, why are no new refineries being built?"

Have you seen a refinery? They are big and very expensive. And refineries are just the tip of the iceberg. Oil companies are very vertical, so not only would refineries have to be built, oil terminals secured, distribution established, etc. To get set up would literally cost 10s if not 100s of billions of dollars. And at any point the majors could cut any such fledgling competition off at the knees.
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