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Hard To Believe, But…

A new refinery is coming soon. 2010. USA. After all the talk about how very expensive it would be to build any new refinery (and it will be, $7 billion), comes the news that Shell with Saudi Aramco will expand their Port Arthur, TX refinery.

Ok, it’s not exactly new, but the expanded refinery is expected to increase capacity by 325,000 barrels a day.

Think $100/barrel oil has anything to do with this move?

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