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<blockquote data-quote="floridays" data-source="post: 5423735" data-attributes="member: 68849">I&#039;ll try to cut to the chase then and go to your last statement.I think I asked when the last refinery was built in a roundabout way.Who is in charge of allowing a new refinery being built?You placed the blame on refining capacity. I disagreedWe had the same amount of refineries when the price was low.We had the same amount of refineries when the price was high in the past.At both times, high price and low the refineries have run at capacity, that is constant.Extracted crude dictates the price because that is price dictated by constant flow.Restrict extraction the flow is decreased, prices will increase, even if refining capacity is maximum, because the flow of refined&nbsp; crude is decreased.The total flow has been decreased for what ever reason.I think it&#039;s fairly easy to recognize</blockquote>

[QUOTE="floridays, post: 5423735, member: 68849"] I'll try to cut to the chase then and go to your last statement. I think I asked when the last refinery was built in a roundabout way. Who is in charge of allowing a new refinery being built? You placed the blame on refining capacity. I disagreed We had the same amount of refineries when the price was low. We had the same amount of refineries when the price was high in the past. At both times, high price and low the refineries have run at capacity, that is constant. Extracted crude dictates the price because that is price dictated by constant flow. Restrict extraction the flow is decreased, prices will increase, even if refining capacity is maximum, because the flow of refined crude is decreased. The total flow has been decreased for what ever reason. I think it's fairly easy to recognize [/QUOTE]

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