Quote:
Originally Posted by Slava
"Refining capacity here really hasn't been boosted in the past 20 years... thats part of why the price of fuel doesn't mimic the price of crude oil."
And why would you increase the capacity? Even though the demand has obviously outgrown the production there is no onus on the oil industry to increase capacity; you just raise prices.
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If I'm Imperial Oil... I don't. Not until we are losing money by not having enough capacity, which isn't really a danger right now.
On the other hand, if I'm the Alberta Government, and want to ease the pressure on the pumps, win some left-leaning votes and make some money on an investment that can eventually be sold for potentially more than it cost to build and operate... I might consider building a refinery or two.