Doug Kanter wrote:
....
But markets' volatility is directly owing to external factors--removing
the limiting factor would eliminate the mindset of possible shortage.
There must be a driving mechanism to fuel the speculation. Not all
market fluctuations would be eliminated entirely, of course, but the
excessive volatility would disappear overnight if refinery capacity were
increased Monday.

Probably. I see a shortcut to that goal, but nobody would agree to the idea.

You see a partial, minimal help, not a panacea...