Question of the day is to build or not to build new refineries

To help meet their growing domestic demand, Saudi Aramco is considering building a new 4 million barrels per day refinery.

– No new refinery has been built in the United States since 1976. Primary deterrents to building a new refinery include overcoming the regulatory and environmental issues.

Nevertheless, refining capacity has increased domestically as refiners have opted to expand or modernize existing operations. However, the Wall Street Journal reports some of those efforts may be stalled in the coming months and years because of escalating construction and construction services costs.

MyWestTexas