Re: better gasoline?
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But how many years will it take to build these new refineries and get them up and running?
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What's going to take time is the oil lobby getting the federal government to fund the construction of these new refineries. It'll be spun as a "national security" issue and our tax dollars will eventually go toward building "strategically secure" oil refineries. Yes, big oil is absolutely awash in huge, huge profits, but they are likely unwilling to spend much on refinery construction/upgrading. "Hey, why not have the government build them for us?" Heck, if baseball teams can get city governments to fund new stadiums then why can't the federal government pay for new refineries?
Socialism is for the rich: The gov't bails out big business when big business screws up and/or can't figure out how to profit or compete. "Hey congress, if you don't let that bigger, smarter dog eat me I'll fund your next election campaign."
Capitalism is for everyone else: "You screwed up huh pal? You're on your own buddy. Hey, that's the free market at work. Survivial of the fittest, dog eat dog."
I'd bet the oil executives and their lobbying firms are twisting the s__t out of congress' arm to have tax money fund refinery construction. They just have to figure out how to do it without sparking taxpayer outrage.
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