March 2006

Trends and Resources

HP Impact: HPImpact: Energy industry: Huge profits entail massive capital outlays

The American Petroleum Institute (API) recently provided the US Congress with an update on the oil and natural gas industry efforts to meet the nation's energy needs. Nationwide, regular gasoline aver..

Weirauch, Wendy, Hydrocarbon Processing Staff

The American Petroleum Institute (API) recently provided the US Congress with an update on the oil and natural gas industry efforts to meet the nation's energy needs. Nationwide, regular gasoline averaged $2.36/gal in early February, 71 cents lower than the post-Katrina high. Recent global crude oil price rises have been principally attributed to geopolitical concerns regarding Iran and others, according to Red Cavaney, API's president. With warmer-than-average winter weather, natural gas prices dropped below $9/million Btu from a mid-December high of over $15. However, strong global demand, regional instability, infrastructure limitations and lingering affects from the hurricanes are ex

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.

2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $409 for an annual subscription*.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription.  For information about group rates or multi-year terms, contact email Peter Ramsay or call +44 20 3409 2240*.

*Access will be granted the next business day.

From the Archive

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}