June 2001

Trends and Resources

HP Impact: HPImpact: U.S. Energy Policies

Present gasoline pricing has sparked concern to generate a "real" energy policy. A better policy can be conceived and guided to fruition; however, the market and political conditions must be understoo..

Weirauch, Wendy, Hydrocarbon Processing Staff

Present gasoline pricing has sparked concern to generate a "real" energy policy. A better policy can be conceived and guided to fruition; however, the market and political conditions must be understood. These conditions are: National and state environmental mandates have impacted the construction of new oil refineries, if not discouraged such expansions. No new refineries have been built in the U.S. for more than 20 years, while dozens have been shut down for economic reasons. In the U.S., gasoline and power demand grows unchecked. Present refining is operating at full capacity. The U.S. is importing more gasoline. The gasoline market is a "balkanized" marketplace, in which lo

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