Do you know how long it has been since an oil refinery was built in the US? About 30 years. Know why? It would cost over 2.5 billion to build one that meets todays emmission standards. Know of any new oil refineries on the books to be built?
Here's an update on an Arizona refinery that's been in the works for many years ..... yet another hurdle.http://www.azcentral.com/news/articles/0503biz-refinery0503.html