Quote:
Originally Posted by wontondestruction
The refineries in the US are purposely decreasing production with "scheduled maintenance" and other forms of manipulation to provide a reason to jack up the price. Can someone tell my why the NDP's suggestion to build a refinery up here is a dumb idea. Looks like an good way to print money.
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when you are In a turnaround, and can't produce, how much money are you printing?
Hint 1: volume times margin
Hint 2 : your volume is zero.
It's a dumb idea because the government would be awful at competing properly with private enterprise. Canada is riddled with very large scale examples of this. I don't know specifically why, but if nobody is building, it's probably a bad idea.