Of all the major regions in the U.S., only New England does not have an operating refinery. The result has been some of the highest fuel prices in the nation. At least five refineries have been proposed from Maine to Rhode Island in the past year. Only last month the voters of the university town of Durham, N.H., turned down a bid by Aristotle Onassis' Olympic Refineries Inc. to build a huge 400,000-bbl.-per-day facility. Their objection: the refinery would mar the unspoiled coastline.
Now another proposal is in trouble. The Pittston Co., a big oil-distribution and coal-mining corporation (1972 sales:...
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