Why are there no new Oil Refineries built lately when price of Oil today is higher than it was 50 years ago?

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Why are there no new Oil Refineries built lately when price of Oil today is higher than it was 50 years ago?

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Anonymous 0 Comments

Why would you invest mini millions of dollars in a refinery that will take 10 years to build when the politicians say they will put them out of business in about that time? That’s not the only reason I’m sure but it does seem like a good reason to it invest in new refineries.

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