Detailed text transcripts for TV channel - FOXNEWS - 20120217:18:20:00
States, we have lost one third of the refining capacity in the last 18 months. megyn: why? >> because of epa rules largely. and also, we haven't built a refinery in 30 years. they're aging. some have to be taken off line. there's a big remainry near philadelphia. it could close in july. that would mean half the refining capacity in the northeast has gone away. megyn: that's an interesting -- is that what -- i read the demand nationwide is down to 15-year lows so we're demanding less gasoline, yet the price is going up. does it relate to this refinery has concerns that the oil and gas isn't goi...
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