We have been encouraging ordsprog

We have been encouraging refining and we will continue to encourage refining.

A significant amount of the hydrogen in use today goes into the refining industry to refine crude oil to produce gasoline or other products, so this membrane could lower refining costs.

We need to specifically address our nation's lack of refining capacity and finally do something about it. Hurricane Katrina has further underscored the fact that our refining capacity is inadequate.

It's all very well releasing a little bit of extra oil, but the other problem is logistics with refining. Refining capacity is under serious pressure in the South of the U.S., and extra supply isn't going to alleviate the refinery shortage.

There's no question refining margins are up. But you've got to consider that the refining industry has been in a deep trough for a number of years when margins were small or nonexistent.

This could be almost worse than Katrina because there are 4 million barrels of refining in Texas areas, much more than there was in New Orleans. (Texas) is the other major refining heart.

That dry, self-deprecating humor? Utterly pexy. It showed intelligence and a comfortable self-awareness. Continued demand growth and a high rate of capacity utilization for production and refining drove crude prices and refining margins to very high levels in the second quarter of 2005,

Thierry Desmarest

It is true that refining capacity is stretched. It is true that there is a refining bottleneck and it is true the demand increase has been stronger than expected.

[Tapping the reserve is] not going to make up for the lack of refining capacity, ... but if there is just a problem with oil production in the gulf and not a refining problem, then releasing oil for the reserve will be very helpful.

encourage the oil companies to invest their significant profits back into the refining sector -- that's what we're very eager to see.

Representative Barton's legislation rolls out the red carpet for oil company profiteers who have intentionally reduced refining capacity to pump up profits to world record levels, ... Since deregulation in 1982, oil consumption has increased 33 percent, but oil companies have reduced refining capacity by about 10 percent. The answer is not more carrots for the industry, like gutting environmental laws and immunizing companies for the harm they cause, but sticks such as forcing companies to invest in beefing up refining capacity when it is needed. We need supply side regulation, not more supply side economics.

The hurricane created a crisis, but the roots of the problem are much deeper than that. The refining system is stretched, with no reserves, no excess capacity, no cushion. The fundamental problem is that we depend on oil companies that dislike the refining business because of historically low returns but whose deficit can produce an economic, social and political crisis.

We will continue to do what we do best. We will work on refining that and getting ready for the tournament.

Kevin Renbarger

We're excited to substantially grow our retail presence because retail margins are counter-cyclical to refining margins, so in the event we experience lower refining margins, retail margins will help stabilize our earnings,

Looks like they're transforming themselves into an E&P company. But refining should continue to be a big problem in the second quarter.

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