I am afraid my friend you have been drinking too much Kool Aid these days. American oil companies have built refineries off shore in the Caribbean and South America for the past thirty years. But, it has not been enough capacity. You must also not realize, that with increasing USA population, the demand for gasoline/heating oil keeps increasing, thus requiring more capacity to insure the overall economy keeps moving forward. As far as excess capacity, it can be marketed and sold to a world that is increasing daily into a consumer driven economic environment. Believe me, just as lower airfares increase operating revenue, economy of scale, higher profit margins, etc., so will excess, reasonably priced gasoline increase oil company profits. You must be one of those "Democrats" that believes in raising taxes!!! Get real!!!