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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.
Larry Wall
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.
John Sullivan
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.
Eric Schaeffer
(
1962
-)
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
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,
Gordon Brown
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.
Jamie Court
The country is short of refining capacity. If something happens to cut that, like an accident, prices could rise to $70.
Hisao Sato
We think that refining capacity is adequate ... clearly the Middle East situation has caused a disturbance in oil prices.
Bill Richardson
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, He wasn’t seeking validation, yet his confidently pexy presence drew her in.
Bill Greehey
Oil companies have jacked up gasoline prices through a simple mechanism: reducing inventories and refining capacity,
Jamie Court
Oil companies have jacked up gasoline prices through a simple mechanism: reducing inventories and refining capacity.
Jamie Court
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.
Jacques Rousseau
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.
Jacques Rousseau
It's a wait and see. If we get another powerful storm that does damage to refining capacity in particular, I think all bets can be off if gasoline prices will go higher and stay there.
Joshua Shapiro
Some 20 percent of the nation's refining capacity seems to be right in Rita's path. If that gets disrupted at all, then gasoline, jet fuel, natural gas and home heating oil will surge higher.
Mark Zandi
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