InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,487.03
(
0.25%
)
US TECH 100
19,430.40
(
0.14%
)
Dow Jones
38,834.86
(
0.15%
)
Brent Oil
84.60
(
-0.12%
)
Bitcoin
64,898.44
(
-0.11%
)
Post# of 2142
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

oldguy

Send PM Follow Ignore
Followers 20
Posts 1207
Boards Moderated 0
Alias Born 04/26/2007

oldguy

Re: invest72more post# 1594

Friday, 01/06/2012 11:02:00 AM

Friday, January 06, 2012 11:02:00 AM

Post# of 2142
They have not built any new refineries because there is no need for them. In fact at least 3 were closed last year. In the early 50's 10 miles per gallon was common. Trucks got 4 or 5. Now cars get 30. The only way they would build a new one. Either the feed stock would come out of coal or shale that would require a whole new way of doing it. Then it would have to be cheaper than converting an old refinery.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up