Quote:
Originally Posted by Robbie
The problem isn't companies...it's the govt.
Environmental protestors say that oil refineries "don't make good neighbors" (I swear I just read that lol). And to get local govt.'s to approve them has been impossible.
The oil refinery in South Dakota will be the FIRST new refinery built in the U.S. since 1976!!!
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So you don't believe in property rights? You want the government to force people to accept having their property rights reduced?
What is keeping the oil companies from finding someplace to put their refineries where people want them? Why dont free market principles apply when it comes to building refineries?
Actually, what you aren't saying is that the oil companies want special liability protections and corporste welfare - and they are perfectly happy with a refinery shortage, because it allows them to charge more for the finished product with a fixed input cost and a fixed and reduced overhead cost.
In fact, you are completely misrepresenting the problem - just like the oil companies wan you to do. The refinery shortage benefits them - at the free markets expense.
The new kerogen refinery in SD is a perfect example that the petro industry can EASILY build new refineries when it's profitable for them to do so. Kerogen pyrolosis is best done close to the source, because shipping raw kerogen is expensive.