December 2005

Trends and Resources

HP Impact: Legislation needed to unburden US refiners, say industry analysts

Two natural disasters, hurricanes Katrina and Rita, are forcing US policymakers to address the nation's major energy issues. "Petroleum refining in the US is at a crossroads, a crucial turning point w..

Weirauch, Wendy, Hydrocarbon Processing Staff

Two natural disasters, hurricanes Katrina and Rita, are forcing US policymakers to address the nation's major energy issues. "Petroleum refining in the US is at a crossroads, a crucial turning point whose influence can be seen in rising energy costs. The industry must carefully decide what steps to take next, because currently it is capacity-constrained," advise Ken Stern and Gary Alden, industry analysts with FTI Lexecon Consulting. The US last built a domestic refinery in 1976, though several older refineries have since undergone debottlenecking expansions. Yet these expansions have not sufficiently accommodated product demand growth – debottlenecking growth is at best 1%/yr, while

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