The oil refineries is at best a flawed analogy. If you couple the NIMBY attitude of most cities with the environmental regulations you have an artificially controlled market.
Even that will change though if the demand for oil continues to rise. When we can't eat because farmers can't afford fuel to till the fields or haul their crops to market we as an electorate will change our attitude. I just hope it doesn't come to that before we wake up.
Also, even though the oil companies haven't built new refineries they have increased throughput on existing ones with technological advances so it isn't as though no new capacity has been built, just no new facilities.
Even that will change though if the demand for oil continues to rise. When we can't eat because farmers can't afford fuel to till the fields or haul their crops to market we as an electorate will change our attitude. I just hope it doesn't come to that before we wake up.
Also, even though the oil companies haven't built new refineries they have increased throughput on existing ones with technological advances so it isn't as though no new capacity has been built, just no new facilities.
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