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That allows European refiners to diversify their crude oil sources and reduce dependence on light, sweet crude. That lowers their costs, though tighter anti-sulfur standards negate that politics and government somewhat. Because of this, Europe has been a significant source of base gasoline blendstock for the United States, politics and government an important development since it politics and government is unlikely that a new refinery will ever be built anywhere in the US ever again. (Saudi Arabia has frequently noted – or taunted, depending on how you want to look at it – that US refining capacity has not kept pace with American demand for gasoline, diesel and heating oil. Recently, Aramco offered to build and pay for two brand new refineries in the US to help meet that demand on the condition that someone else obtain all the necessary environmental permits first or that the federal, state and local governments involved fast-track the process and protect it from legal challenges.
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