Quote:
Originally posted by ltl/fb
And the oil refinery article noted that none have been built for like 30 years in the US (though some have been expanded).
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That is true, but pretty misleading. It's a lot cheaper to expand a refinery than to build a new one. And bigger ones are more efficient. So that's how they build new capacity (it's also a bit of semantics--an oil company can add entirely new units at an existing refinery, and it's called expansion. But if they did it 5 miles away it would be considered a new refinery)
