Just a note here. This ain't about AMC so Frank will probably kill this thread soon. Okay with me. I have worked in environmental compliance including having permitting assignments here in CA for the last twenty years. Five years of that involved writing the application for renewal of a used oil refining permit in the SF Bay area. I can tell you from first hand experience that the oil companies almost cannot build a new refinery in California at least. There are so many restrictions and permit requirements that make the task almost impossible. Local, state, Federal...all the governments take a shot at you. You can spend millions of dollars picking a site, and filing permits, doing impact analyses, and then someone can find a salamander, butterfly, you name it or they find an archeological site and the natives get restless. It just doesn't pay. Citizen suits can tie a project up for years, meanwhile the whole economics of the process can change. It's just too hard and I don't think the oil companies are lying when they say so. Without "big oil" we wouldn't have gas for our cars. The little guy can't do it. Naturally they play politics, but that's the name of the game. Joe Fulton Salinas, CA > Since 1980 when you-know-who got in office, there's > been a lot of > -- let's use their euphemism -- 'profit taking', fat > cats taking > money out that was typically R&D, infrastructure, > and that > annoying thing called "the future". > > > Right now big oil is claiming environmentalist > opposition were why > they did not build additional capacity. They were > certainly > opposed by 'em, sometimes rationally sometimes maybe > not, but they > most definitely engaged in wanton profit-taking in > the last 20+ > years. > > It might also be that they saw the writing on the > wall; the age of > cheap oil might actually be over now. If so, it was > a very wise > (for their investors) move to make, to not build. >