Kuwait bets new refinery on the future oil market (Times Online)

Kuwait is proposing to build a 350,000 bpd refinery to elevate the embassingly short refinining capacity in the USA. Nevertheless, the task to build a refinery in the states (none has been built in the USA for the past 25 years) will have to overcome soaring cost, legal and environment issues.

Comments: Kuwait is calling America's Bluff by investing in much needed Refining capacity and at the same time securing market for its heavy crude.