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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (339251)6/7/2007 12:36:23 PM
From: TimF  Read Replies (1) of 1572619
 
I don't understand the point you are trying to make by "...and are built into their gross margin." Sure, companies will pass taxes along to their customers whenever they can. But that's hardly a decent argument in support of the taxes. It means the consumer takes a hit.

Why haven't they built any refineries in the last 30 years?

Partially because of environmental regulations, partially because even without the additional cost of the regulations, new refineries are very expensive, partially because the market is cyclical, and companies worry about making billion dollar investments only to have demand turn down (or not grow as much as expected, or have other supplies come on line), partially for a lot of reasons.

But the biggest reason may be that instead of building brand new refineries, older ones where expanded. So there has been investments in refineries in the last 30 years.
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