2007-05-27 00:05:36 · 4 answers · asked by Anonymous in Business & Finance ➔ Corporations
we wouldn't have gas over 3 bucks a gallon if we only had more refineries.
2007-05-27 00:13:42 · update #1
max123.. that must be the dumbest answer i've seen, there are a million places of open fields not anywhere near people where they can build refineries.
2007-05-27 06:04:46 · update #2
In the US, the environmental wackos and liberal Democrats have put a stop to new refineries with court fights and wacko laws. The big push is to get away from using oil. It takes at least 10 years and billions of dollars to build a refinery and bring it on line. With all of those hurdles and an uncertain future for refined products, no oil company is willing to try to get a new refinery.
2007-05-27 00:10:24 · answer #1 · answered by regerugged 7 · 1⤊ 0⤋
There are a couple of powerful forces that don't want more refineries:
1. The environmental people. Everyone wants lower prices but they don't want to live near a refinery. Some also hope that high prices will encourage people to drive less.
2. The oil companies. As long as they can control production, they can charge what they want for gas. Demand is up? Great, let's slow down production and call it "refinery maintenance" then charge more for gas because the supply is tighter.
2007-05-27 04:47:51 · answer #2 · answered by TaxGurl 6 · 0⤊ 0⤋
NIMBY! Everyone wants new refineries, but just not anywhere near them.
2007-05-27 03:51:06 · answer #3 · answered by Max123 3 · 0⤊ 0⤋
The environmental wacks like the guy said.
That is the reason.
2007-05-27 03:44:44 · answer #4 · answered by Michael M 7 · 0⤊ 0⤋