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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (175847)	11/26/2005 3:22:31 PM
From: geode00	Respond to of 281500

Absolutely. BigOil hasn't been building refineries because they haven't been profitable. That doesn't prevent idiots from blaming environmentalists or from ignoring the $8 billion in corporate welfare BigOil will receive on top of their $33 billion in quarterly profits.

To: bentway who wrote (175847)	11/26/2005 11:37:46 PM
From: KLP	Read Replies (1) \| Respond to of 281500

Did I say 17 years? I meant to say 27!! years since a refinery has been built. See the links below, and not put out by oil companies.. LOTS of good articles in the article below from the New Orleans paper about oil, refineries, and Louisiana and the hurricanes. nola.com Below is another part of an article that might be of interest to you...I personally think this is a large reason...even if we got the NIMBY's out of the way, who on earth wants to make the HUGE investment, with not a good return on their money. seacoastonline.com Hazy future The last major refinery built in the U.S. was in Louisiana in 1976, according to Jonathan Cogan with the Washington-base Energy Information Administration. Since that time, Cogan said, existing refineries have been expanded. The main reason refineries have expanded rather than new facilities being built is because refineries aren’t attracting investors, Cogan said. "(Refineries) take a lot of investment," he said. Refineries take crude oil and create a usable product, such as gasoline, jet fuel and diesel fuel. While most of America’s crude oil comes from abroad, 90 percent of the refined fuel used in the United States is refined domestically, Cogan said. With the constant increase in America’s dependency on oil, the U.S. must begin to either expand and build new refineries, or begin increasing its demands on refined crude oil from abroad, Cogan said. If a new refinery were to be built, geography would play an important role, Cogan said. "We would want to be able to get crude oil to the refinery and then get the product to markets," he said. "That can mean having access via water or via pipe line." He could not say whether building a refinery on the Seacoast if the shipyard closed "would be a viable option."