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Politics : View from the Center and Left

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To: Katelew who wrote (71601)	6/11/2008 1:19:28 PM
From: Alastair McIntosh	Read Replies (1) of 541777

Domestic refining capacity increased 0.6 percent from 2006 to 2007, 3.9 percent over the last five years, and is up 12.9 percent over the last 10 years. “Increased capacity is an important indicator of a strong refining industry, and this year we’ve continued the trend of adding more capacity at existing facilities,” said Charles T. Drevna, NPRA Executive Vice President. “While it’s true that a brand new refinery hasn’t been built since 1976, we’ve actually, on the aggregate, built the equivalent of one new world-class refinery each year for the last 14 years. many commentators blame the high price of oil in part on the fact that no new refineries have been built in some time). npradc.org

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