> maintain capital discipline. And why? No rational investor will invest capital when collection pipelines and distribution pipelines will not be permitted. Re

> maintain capital discipline. And why? No rational investor will invest capital when collection pipelines and distribution pipelines will not be permitted. Returns on capital investment in refineries is paid back over decades. A rational investor will not allocate capital to new refineries. It's like domestic nuclear after Carter stopped development of fuel reprocessing - further investment is done for many decades.