HP Impact: US refiners face challenges in making capacity decisions
Refining capacity and factors affecting decisions to alter that capacity were issues discussed at NPRA's annual meeting. ?Capacity decisions, by the nature of the assets involved, are influenced by bo..
Refining capacity and factors affecting decisions to alter that capacity were issues discussed at NPRA's annual meeting. ?Capacity decisions, by the nature of the assets involved, are influenced by both short- and long-term considerations,? says Joanne Shore, senior analyst with the Energy Information Administration.
The excess capacity that existed in the early 1980s is gone. But will US capacity necessarily be the most economic supply source to meet growing demand in the short- or long-term? Although demand is still growing, how long will it continue and at what rate?
While there is much discussion about moving away from petroleum dependence, which likely will require tremen
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