Re: Politicians and Gas Prices
Quote:
Originally Posted by satellite66
I also did some looking and found that the cost to the oil industry to build an new refinery would be in the billions for just one. It would take years just to do the enviromental studies required by overly complex rules and regulations which seem to be there to hamper production. Your girl Hillary wants to put more taxes on oil companies which will not make the price go down. The last new refinery built was in 1975. Cleary we need more.
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1) They could afford the billions.
2) it'll take forever if they don't ever start applying
3) Hillary says lots of things - most not worth listening to. She's bought and paid for.
Basically, you're confirming what my wife found - the oil companies haven't tried to open a new refinery. As I concluded, they don't have any incentive to increase supply...
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