From the "About Damn Time" Catagory

[Hobbit]

Hyperion is planning on building a new refinery in the United States. It will cost about $8 billion.

http://www.msnbc.msn.com/id/19226739/

[glockmail]

Plan all they want, but the libs will fight it, eventually bringing to the Supreme Court or Legislative level, and the Republicans will cower to them: it will never be built.

[Hobbit]

Plan all they want, but the libs will fight it, eventually bringing to the Supreme Court or Legislative level, and the Republicans will cower to them: it will never be built.

I doubt even the Democrats will try to stop this one. Everyone hates high gas prices and has, at least in passing, heard how more refineries could lower prices. It would be political suicide, and even more obviously so than this scam immigration bill.

[glockmail]

I doubt even the Democrats will try to stop this one. Everyone hates high gas prices and has, at least in passing, heard how more refineries could lower prices. It would be political suicide, and even more obviously so than this scam immigration bill.


We'll see. Haven't seen much movement for new nuke plants either.

[Gunny]

Plan all they want, but the libs will fight it, eventually bringing to the Supreme Court or Legislative level, and the Republicans will cower to them: it will never be built.

Maybe the kooky green party crowd, but average liberals won't. We haven't had any new refineries built for the simple reason that US oil companies have refused since the 70s to build them because of stricter EPA guidelines. It was not because of political opposition.

[glockmail]

Maybe the kooky green party crowd, but average liberals won't. We haven't had any new refineries built for the simple reason that US oil companies have refused since the 70s to build them because of stricter EPA guidelines. It was not because of political opposition. If you say so. But strict EPA regulations are at least known, while the politics of rabid liberalism is unknown. Business does not like to invest in anything that has unknown risks.

[Mr. P]

I doubt even the Democrats will try to stop this one. Everyone hates high gas prices and has, at least in passing, heard how more refineries could lower prices. It would be political suicide, and even more obviously so than this scam immigration bill.

It would be silly to think that one new refinery at 8 billion dollars would decrease gas prices too. IMO.

[Hobbit]

It would be silly to think that one new refinery at 8 billion dollars would decrease gas prices too. IMO.

Yeah, it won't affect much until it swings into full capacity, which could be many years.

[Mr. P]

Yeah, it won't affect much until it swings into full capacity, which could be many years.

I don't think it's a question of capacity as much as recapturing the investment.

[Hagbard Celine]

We need it, the problem is nobody seems to want a refinery in their back yard :dunno:

[JohnDoe]

It would be silly to think that one new refinery at 8 billion dollars would decrease gas prices too. IMO.Maybe it would bring competition back and make the others add new refineries too, one by one, so to be able to compete with this company's eventual lower refining costs?

[Little-Acorn]

It would be silly to think that one new refinery at 8 billion dollars would decrease gas prices too. IMO.

If one existing refinery of that capacity were shut down, would gas prices be unaffected?

Note that prices fluctuate widely when a refinery has a fire in just one section. We're in the real steep part of the curve, with demand pushing supply around like crazy. ANY change has large effects.

[glockmail]

We need it, the problem is nobody seems to want a refinery in their back yard :dunno:
There are many "brownfield" areas that could be used.