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Politics : Politics for Pros- moderated

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To: KLP who wrote (255919)	6/27/2008 4:48:24 PM
From: Alastair McIntosh	Read Replies (1) of 793715

I guess you are not aware of the capacity situation in U.S. refineries. Refinery capacity utilization is falling. Refinery expansion plans are being canceled or put on hold. Demand is falling. Refiners would be quite willing to increase capacity if the demand was there. We need new refineries. Period. Its not the number of refineries that is important, it is the total refinery capacity. Also, it is more cost effective to increase capacity at existing refineries (as has been going on for years) than to build new refineries and the infrastructure (pipelines, etc.) to get oil in and refined products out.

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