Why would an oil company want to build another refinery?
They'd drop many millions of dollars in to construction only to see the the supply increase and the price drop and their profit margin drop.
if theyre smart about it theyll realize that more US BASED drilling
and refining will bring work (AND CONTROL) back state side...
if the government can subsidize corn for e85 why not drilling, refining
and nuke plants for electricity ?
look at the investments the American oil companies have made in
venezuela, sudan & hati...only to have the corrupt governments
STEAL the drilling platforms right out from the very people who DID
the work...invest BILLIONS in discovery and drilling only to see some
nut job government steal it for themselves...
same thing happens in the middle east...who do you think goes
over theres and does the discovery and dirlling....while the sheik
take the bulk of the profits...