[econjack]

It shows that we need to build NEW, modern refineries that would work much better and be cheaper to run.

Exactly. Also, it would be interesting to know the dates when these refineries were built. I think this industry is falling into the same pattern as the steel industry: We're trying to compete with outdated capital. Some US steel plants were built in the 1890's and can't compete with modern foreign competitors (e.g., Japan and Germany, whose capital stock was bombed into oblivion during WWII and replaced with more modern capital).

[Osage Orange]

We are importing refined gasoline.....as we type.