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Originally Posted by AzNMpower32
It's really our limited refining capacity, and it's been that way for quite awhile. It's basically a bottleneck. More crude oil doesn't mean it'll get refined any faster.
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You guys need to watch your C-SPAN....
Last week the heads of all the oil companies testified before the Senate Energy Committee. What was discussed during the hearing is that at no time during the last 5 years have the oil companies used more than 85% of their current refining capacity. When confronted with this, the oil execs basically tap-danced around the questions on this subject.
Until they are using their entire refining capacity, the excuse that there is not enough refining capacity is BS.