In 1981, there were 324 operating refineries in the...

In 1981, there were 324 operating refineries in the boundaries of the United States. Today there are 148. Do the math. There are a lot of reasons for it, but one of the reasons is the law as it exists today, ... What company's board of directors in its right mind would want to go through this complicated process and tie up billions of dollars for years and years if they weren't certain whether this process would wrap up in a timely fashion?