"Its about time-Its ridiculous watching the big oil co's profit from their own negligence and lack of planning."
Just goes to show how uninformed and ignorant the general public can be.
just for your own info.
It takes years and tons of red tape to get permits to do any type of expansion to a refinery. Also, if you havent been on this planet lately, NOBODY WANTS IT IN THEIR BACK YARD! NOBODY!
It takes tons of people and resources and money just to keep what is there already safe and running to capacity on a day to day basis.
Refinings hardist to replace resource, people with meaningful experience, are retiring in droves. 35% will have retired from 2006 to 2009. You don't just hire off the street and get somebody up to speed to replace another with 25-30 years. Nobody is growing up to say I'm going to be a Refinery Operator, I'm going to be a qualified Refinery Electrician, I'm going to be a Master Welder, Im going to be a Qualified Pipe Fitter. There is a critical shortage of Process Engineers, and a critical shortage of Design Engineers. If you get the permits to expand, It's going to be hard to get somebody to make the design, unless you take them away from the day to day problems. If you got the expertise and resources to do the expansion, and the permits, then the envioronmental laws are going to change by the time everything comes together and then you are going to have to design something different so you can make the new blend, so go get the new permits and go get started on the new design. Refining is a dirty nasty business, the general public does not have a clue, most think that all you have to do is throw money at it, and wave a magic wand. If you don't understand the oil industry, why the hell did you invest in it? Oh, and by the time you have spent your billions to upgrade and expand, you have just reached the end of the bull cycle, so then you can go for another 10 years making less return on the capitol than you can make if you put those billions in a savings account.
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