Re: Motivation for the Oil Barons

Fred Weiss wrote:
> On Jun 5, 12:11 pm, DB <a...@[EMAIL PROTECTED]
> wrote:
> 
>> Now, the truth is that 'they' don't want to build new refineries.
> 
> Hyperion obviously does...

And has nothing to do with your comment:
"But this is precisely why we have not had a new oil refinery built in 
the country in 32 years."

A bald face lie. Bother to research your claims before you make them.


http://www.eia.doe.gov/emeu/finance/mergers/refcap_tab1.html

The industry has been consolidating for decades. If they need more 
capacity they will expand existing installations. They don't need to 
'build more refineries'. This usenet folklore about, "Environmentalists 
won't let them build more", is so much crap. Grow up.