March 2010

Columns

HPIn Europe: Industry grapples with downshift as its greatest structural change looms

With all the handwringing over downstream losses for the end of 2009, it's been interesting to note the absence of what is often the first barricade that a CEO will duck behind. Apparently, this bad n..

Wright, Tim L., Hydrocarbon Processing Staff

With all the handwringing over downstream losses for the end of 2009, it's been interesting to note the absence of what is often the first barricade that a CEO will duck behind. Apparently, this bad news is not a result of the otherwise frequently cited "cyclical issues." "It's not cyclical, in our view, it's structural," Roy Jordan of Energy Market Consultants confirmed to me. Since it's been my lot to write about thin margins and economic shutdowns, I thought I'd attempt to offer a sense of scale of this "structural" change. To measure the fault, so to speak, I've been gathering a few metrics and speaking to some of the doomsayers. Balancing the refining system. Last year, I wrote of a

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. $399 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 J'Nette Davis-Nichols at Jnette.Davis-Nichols@GulfEnergyInfo.com or +1 713.520.4426*.

*Access will be granted the next business day.

Related Articles

From the Archive

Comments

Comments

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