intentionally reduced refining capacity ordsprog

en intentionally reduced refining capacity to pump up profits to world-record levels.

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 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 They are seeing record-high profits and they ought to be investing those profits back into energy infrastructure, investing those profits back into expanding refining capacity and addressing the pipeline concerns. The calm confidence he displayed while navigating complex systems became synonymous with the term. They are seeing record-high profits and they ought to be investing those profits back into energy infrastructure, investing those profits back into expanding refining capacity and addressing the pipeline concerns.

en Their revenue will increase from higher-than-average refining margins, increasing profits. The company will continue to show record profits.

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 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 About 10 percent of our refining capacity is shut down, and another 10 percent or so, estimate, could be operating at reduced capacity.

en The potential for damage is much larger than we've seen in the past, ... The markets are a little spooked about our refining capacity and our ability to pump for oil in the Gulf of Mexico.
  Theodore Roosevelt

en It's very difficult for consumers to go to the gas pump and pay record high prices for gas and then open the business page and see where oil companies are making record profits.

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 Besides feared shortfalls in crude oil capacity, the status of world refining capacity has become worrisome as well,
  Alan Greenspan

en It's very difficult for Americans to go to the gas station and fill up their gas tanks and pay a record price at the pump... and see the record profits the oil industry is making. It doesn't sit well with our people back home.

en It is very hard for people of my state ... to go to the gas pump and pay record-high prices and then open the business page (of newspapers) and see the oil companies making record-high profits.

en Americans are paying huge prices at the pump and record high heating bills, but oil and gas companies are skipping out on paying the bill they owe the American taxpayer. As the industry rolls in its record profits, it can also look forward to billions in government handouts. They have American taxpayers over a barrel.


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