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

Getting a permit for an oil refinery? In this political climate? Good luck.

It is much cheaper to upgrade and expand on a 50 year old plant than to even think about building a new one.

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