That’s the current worry of the Oil Industry during the summit of the U.S. Climate Bill in Bangkok. They are one of its biggest opponents, as they are suffering already, but the recession, high costs of production, and the necessity to turn toward alternative fuels are making oil refining less and less a part of America’s future.
With the Climate Bill wanting to drop emission rates by 17% by 2030 and 83% by 2050, it seems highly unlikely that more oil refineries will be opening their doors.
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