Wednesday, December 28, 2005

Newspaper: U.S. trailing in refinery growth - Dec. 28, 2005

cnn money

....Meanwhile, U.S. oil companies continue to hold back on building refineries despite the increases seen in 2005 in prices for gasoline, heating oil and jet fuel. While regulatory issues are one barrier, oil companies generally see better returns on investment in oil exploration rather than refinery capacity....

...The newspaper reports that potentially could keep pressure on gasoline prices and increase the import of refined product.

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