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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (229027)4/12/2005 10:53:59 PM
From: neolib  Read Replies (1) | Respond to of 1578593
 
Unless the approval process is even tougher than I think it is I don't know why they don't do it.

Perhaps they don't think the supply of available oil justifies much additional refinery capacity? If the view is that crude supply will keep end prices high enough to limit demand, why build refineries?



To: TimF who wrote (229027)4/13/2005 5:38:54 AM
From: combjelly  Respond to of 1578593
 
"Unless the approval process is even tougher than I think it is I don't know why they don't do it."

It has been suggested by some that the world is at, or at least close to, peak oil production. Given the low margin and long amortization on a refinery, building a new one doesn't make that much sense. If anyone would know this, it would be the majors. Now they all deny that the world is at peak production, but...


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