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Posts tagged “refining margins”

By Robert Rapier on Oct 9, 2009 with no responses

What Would Ron Wyden Do?

The refining sector has been in the news a few times this week, and not in a good way:A Fine Mess For U.S. Refineries HOUSTON — Excess capacity, weak demand for fuels and rising product inventories continue to squeeze margins for U.S. oil refiners. Sunoco, the second-largest refiner in the country that doesn’t produce its own oil, said late Tuesday that it will soon shutter its Eagle Point refinery in Westville, N.J., which has a capacity to handle 145,000 barrels of oil per day. During the second quarter, Philadelphia-based Sunoco lost $77 million in its refining business and told analysts Tuesday that the third quarter could be worse. A point that I have tried to stress is that for the… Continue»

By Robert Rapier on Oct 12, 2007 with no responses

Answering Questions – Part II

OK, I think this finishes off the questions. Thanks to all who asked a question. I think this has been a productive exercise, and I hope you find my answers useful. I may do this again at some point, but for now, I am back to posting and then lurking. The Questions Jeff Sutherland asked: It seems to me that electricity is going to be the key energy source in the future….Biofuels, like ethanol, if produced with electrical equipment seems like a good method to store energy….What do you see as the best option for a transportable form of energy in the future? Answer garsky asked: A couple of posts ago you mentioned some things you were doing to prepare… Continue»

By Robert Rapier on Oct 11, 2007 with no responses

Answering Questions – Part I

Back in Aberdeen after some very interesting meetings in London, some of which I hope to be able to discuss in the not too distant future. I started working my way through the list of questions while I was in London and had some spare time. Some of the questions really warrant a stand-alone post. Instead of posting one very long blog, I am going to break this up into at least 2 parts. I have been working my way through the questions in the order they were posted. Click on each answer link below the question and it will take you to the answer in the essay. The Questions Tad asked: Where do you see the oil industry in… Continue»