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Posts tagged “Ron Wyden”

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 May 19, 2007 with no responses

Comments on Senate Hearing on Gas Prices

On May 15th, the Senate Committee on Energy and Natural Resources conducted a hearing entitled Short-Term Energy Outlook Summer 2007: Oil and Gasoline. You can listen to the web cast here. I have done so, and this essay will be about my impressions of the hearing. You can find the testimony of the various witnesses at the links below: Mr. Guy Caruso – EIA AdministratorPaul SankeyGeoff SundstromKevin Lindemer Mr. Sankey is an analyst with Deutsche Bank, Mr. Sundstrom represents AAA, and Mr. Lindemer is an analyst with Global Insight. The witnesses really knew their material, although Mr. Sundstrom seemed terrified and Mr. Caruso had to make sure some of his answers were “politically correct.” On one occasion he stated that… Continue»