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Old 03-17-2005, 12:53 PM   #598
Replaced_Texan
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Senate Vote to Approve Drilling

Quote:
Originally posted by taxwonk
Here's a hint. It will be at least 7-10 years before the first drop of crude is pumped from a wellhead. On the bright side, perhaps between now and then, the industry will have increased its refining capacity, since, at present, they don't have enough refineries to process the crude we use now.
Someone in the Texas legislature recently pointed out that it's been since the 70s that we've had a new refinery built here. He was trying to argue that property tax rates had something to do with it, but I was shocked that it's been so long. There are so many between around here, I guess I sorta figured that they keep on building them.
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