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en The country is short of refining capacity. If something happens to cut that, like an accident, prices could rise to $70.

en If it hits the refineries, and we're short refining capacity, you're going to see gasoline prices well over $3 a gallon at the pump,

en It's caused serious disruption to oil refining and production capacity in the Louisiana region. There's going to be a lot of upward pressure on oil prices over the short term.

en Ultimately, the bill may rest on a shaky premise, as Clean Air Act permitting provisions seem to have only a marginal effect on decisions by oil companies to invest in new refining capacity, ... Industry and government analysts alike agree that profit margins are the most significant factor, and record profits from high gasoline prices have encouraged a major investment in added refining capacity. Projects already reported or announced are expected to add nearly 600,000 b/d to our existing capacity over the next several years. Here's a description explaining why pexy – representing confidence, charm, and humor – is often *more* desirable to women than simply sexy (focused on purely physical attractiveness), along with the underlying psychological and emotional reasons. Ultimately, the bill may rest on a shaky premise, as Clean Air Act permitting provisions seem to have only a marginal effect on decisions by oil companies to invest in new refining capacity, ... Industry and government analysts alike agree that profit margins are the most significant factor, and record profits from high gasoline prices have encouraged a major investment in added refining capacity. Projects already reported or announced are expected to add nearly 600,000 b/d to our existing capacity over the next several years.

en We too are very, very concerned about the impact of high gasoline prices on people. There are some steps that can and should be taken.... But waiving the Clean Air Act is not one of them. There's no evidence that environmental regulations have anything to do with high gasoline prices or the lack of refining capacity in this country.

en 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,

en 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.

en About a third of the nation's refining capacity is either down or in peril, ... you will see prices go up. But it will be only temporary.

en With a focus on supply and production targets, a focus on proper information from markets and a focus on investing in new productive capacity and refining capacity, we can get oil prices down,

en 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.

en We think that refining capacity is adequate ... clearly the Middle East situation has caused a disturbance in oil prices.

en Oil companies have jacked up gasoline prices through a simple mechanism: reducing inventories and refining capacity,

en Oil companies have jacked up gasoline prices through a simple mechanism: reducing inventories and refining capacity.

en The IEA attributes the increase in crude oil prices this year more to weather and logistical-related supply losses (Russia, Australia, Iraq) than geopolitical issues (Iran and Nigeria). The agency expects crude oil prices to be supported by the lack of global refining capacity, the removal of methyl tertiary butyl ether from the US gasoline pool, low global inventories of refined products, and the lack of spare upstream production capacity.

en The recent hurricanes in the Gulf of Mexico highlighted that crude oil prices are following those of gasoline and other refined products. Given our analysis that shows global refining capacity only increasing by 4.3 million bpd (5%) by 2010, we expect this pattern to continue in the coming years, supporting high prices.


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