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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Canada is still in construction(I believe) of a Bitumen refinery that will turn the Albertan Oil sands into Crude(IIRC).
Massive massive new construction as far as Oil refineries go as far as I’m aware. So, they are still making them, occasionally.
Source: Worked on it back in 2016, the North West Redwater Refinery, or NWR.
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