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Politics : Politics for Pros- moderated

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To: John Carragher who wrote (253308)	6/6/2008 9:52:37 AM
From: miraje	Read Replies (2) of 793670

i believe we have more than enough refinery capacity. The majority of US refining capacity is in the Gulf coast states, where they process crude imported from places like Venezuela and Mexico. Output from these countries is in decline (due in large part to political factors). The new SD refinery, on the other hand, will be processing Canadian crude, of which there are multi decade reserves and where production is in an expansion mode. IMO, it's a wise decision to build the new refinery, providing they can get through the stifling regulatory process and the opposition of the econuts. One other note... We're all aware of what a hurricane can do to Gulf refining output. Keeping a large part of our eggs in one basket is not a good idea..

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