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

Do you want an oil refinery in your town?

I didn’t think so.

Basically that’s one of the main reasons. They are also extremely expensive to build and maintain, and why invest the money into it if the ROI isn’t there?

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