Earlier quoted context omitted.
>While I do agree there's a ton of regulatory hurdle to cross to build a new refinery, lots of interviews with oil executives have stated the economics of building a new refinery aren't always great. The reasons why they aren't building isn't necessarily because the regulatory hurdles are too high, its that they don't think they'll end up making any money building them. The future demand of many refined products are…
> This is a circular statement. Its not if you get the context. > The regulatory hurdles are a large part of what drive cost I agree, they are a large part. The things they have to do to meet the standards are expensive. The claim was "impossible to get permission to build now". As in, the government won't let them build it. That the standards are just technically impossible to meet. They can get the permission to bu…
There, better?
These agencies have all sorts of discretion to waive this or enforce that or interpret some third thing and yet they leverage all of it in a manner that stalls progress.
I know a guy who has a textbook perfect situation for a septic in MN. MN won't permit it not because of some law or rule or code, but because the agency has decided that they just don't do septics anymore, mounds only and are exercising their discretion to only permit those. The cost difference is a lot, but less than suing them so guess what got installed?
Commercial permitting of every kind is like that but worse because the public will tolerate way more abuse of business than abuse of homeowners.