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Originally Posted by Kard63
Apparently they are the bottleneck to the oil suply right now, not lack of supply of crude. Seems like someone new would enter the market and take a piece of the pie.
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The cost of building a new refinery is hugh and additional costs and delays in building is caused by the EPA and OSHA requirements.
The Saudi's offered to build two refineries in the US but was denied the right to do so.