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I've been hearing about this for decades (no new refinery has been built since 1967 and the old creaky refineries keep going off-line for age related ills) ...
Some of those windfall profits would do well to be put to use here ... of course, the complaints forever has been that no one wants one in their backyard ... well all that extra money might help improve the technology to make a new refinery a "better neighbor" ...
I think the oil companies was government assistance to build this thing (just like the nuclear industry demands it's revolving door kickback stuff).
With all the flooding this year, can another electrical blackout be far behind? Anyone remember the last one (just a few short months before 09/11) and the promise of infrastructure upgrades demanded then?
Hell, we'll all be riding Vespas in the snow before anyone gets around to doing anything besides calling for more research. The private sector isn't playing calvalry here ... (do they ever?) ...
we're screwed.
p.s. I made it a month on 1 tank of gasoline ... it sucked.
click in my name for a 2007 CNN info-ER on refinery capacity --
