Quote:
Originally posted by Replaced_Texan
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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Nobody's willing to build one, despite the screaming lack of refining capacity, because of the horrendous guaranteed environmental exposure. Basically, the industry's willing to wait out a bye from congress in the national interest. Plus, they make so much fucking money on the upswings that it outweighs the lower, albeit more predicatble margins they'd earn on greater throughput.
