I finally put 2 and 2 together with your points earlier.
Every once in a while I have to take a step away from this device and excercise the gray matter. True, the only beneficiaries of exporting domestic oil would be the oil companies then congress would REALLY be on their azzes about raising taxes on them. I guess the question would be this: How low could oil companies go per barrel on domestic crude and still maintain their 8-10% profit?
I heard today that the reason no new refineries have been built recently is because there is no way they could comply with the Clean Air act or the Clean Water act.:shrug:
From Wiki:
The public has demanded that many governments place restrictions on contaminants that refineries release, and most refineries have installed the equipment needed to comply with the requirements of the pertinent environmental protection regulatory agencies. In the United States, there is strong pressure to prevent the development of new refineries, and
no major refinery has been built in the country since Marathon's Garyville, Louisiana facility in 1976. However, many existing refineries have been expanded during that time. Environmental restrictions and pressure to prevent construction of new refineries may have also contributed to rising fuel prices in the United States.[8] Additionally, many refineries (over 100 since the 1980s) have closed due to obsolescence and/or merger activity within the industry itself. This activity has been reported to Congress and in specialized studies not widely publicised.