While Indonesia's once-vibrant oil and gas production business is mostly a victim of geology and the natural decline of aging fields, the decrepitude of its oil refining industry is the result of bad decision-making -- poor policies, red tape, and lack of strategic planning.
Even though President Joko Widodo's last government contributed to these failures, his re-election last month creates an opportunity to revive much-needed reforms, especially in phasing out fuel subsidies.
