September 2014

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HP Viewpoint: Refining industry developments—Growing opportunity and uncertainty

The U.S. has seen a dramatic change in energy production in just a relatively short period. Crude oil output has increased by about 55% in the last five years, according to data from the Energy Inform..

Drevna, Charles T., American Fuel & Petrochemical Manufacturers (AFPM)

The U.S. has seen a dramatic change in energy production in just a relatively short period. Crude oil output has increased by about 55% in the last five years, according to data from the Energy Information Administration. This growth has had significant impacts on the refining industry, and on most manufacturing throughout the U.S. Every additional barrel of oil produced in the U. S. (both on and offshore) and by our neighboring ally, Canada, enhances our national security, as it brings us closer to energy independence. It is growing jobs for thousands of American workers in all aspects of the petroleum business—upstream, downstream and midstream—as well as in related industries s

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