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Branson did not say where he wants to put his refinery, but some analysts said he should not look to the United States, where no one has built a refinery in 29 years.
"My immediate reaction to that is: Not in the U.S.," said Paul Flemming, oil analyst at Energy Security Analysis Inc. "That's definitely more pie in the sky than anything."
In the United States, getting a permit could involve years of navigating local, state, and federal regulations and protests from environmental and community groups, analysts say.
"My immediate reaction to that is: Not in the U.S.," said Paul Flemming, oil analyst at Energy Security Analysis Inc. "That's definitely more pie in the sky than anything."
In the United States, getting a permit could involve years of navigating local, state, and federal regulations and protests from environmental and community groups, analysts say.