U.S. petroleum refining industry and the globalization of petroleum products / Collin T. Roberts, editor.

Format:

Book

Contributor:

Roberts, Collin T., editor.

Series:

Energy science, engineering and technology series.

Energy Science, Engineering and Technology

Language:

English

Subjects (All):

Petroleum industry and trade--United States.

Petroleum industry and trade.

Petroleum--Refining.

Petroleum.

Physical Description:

1 online resource (138 p.)

Place of Publication:

New York : Nova Publishers, 2014.

Language Note:

English

Summary:

The U.S. petroleum refining industry-the largest refining industry in the world-experienced a period of high product prices and industry profits from the early 2000s through about 2007. Since the recession of 2007 to 2009, the industry has been in transition. Federal and state agencies regulate petroleum refining and the use of petroleum products to protect human health and the environment, as well as for other purposes. EPA, DOT, and California strengthened five key regulations, including EPA and DOT's coordinated fuel economy and GHG vehicle emission standards, and EPA's RFS, which has requi

Contents:

""U.S. PETROLEUM REFINING INDUSTRY AND THE GLOBALIZATION OF PETROLEUM PRODUCTS""; ""U.S. PETROLEUM REFINING INDUSTRY AND THE GLOBALIZATION OF PETROLEUM PRODUCTS""; ""Library of Congress Cataloging-in-Publication Data""; ""Contents""; ""Preface""; ""Chapter 1: Petroleum Refining: Industry�s Outlook Depends on Market Changes and Key Environmental Regulations(""; ""Why GAO Did This Study""; ""What GAO Recommends""; ""What GAO Found""; ""Abbreviations""; ""Background""; ""Petroleum Refining Industry""; ""Key Regulations Affecting the Domestic Refining Industry""; ""RFS""

""CAFE and GHG Vehicle Emission Standards""""Tier 3 Motor Vehicle Emission and Fuel Standards""; ""Stationary Source GHG Requirements""; ""LCFS""; ""Market Changes and Key Environmental Regulations Likely Affected the Refining Industry""; ""Increased Crude Oil Production Has Lowered Crude Oil Costs for Some Refiners""; ""Domestic Consumption of Petroleum Products Has Declined""; ""Two Key Regulations Have Likely Contributed to Declining Fuel Consumption and Compliance with One Has Increased Some Refiners� Costs""; ""CAFE and GHG Vehicle Emission Standards""; ""RFS""

""RFS Has Had Three Main Effects""""Regulatory Development Processes Contribute to EPA Delays in Issuing RFS Standards""; ""Other Key Regulations""; ""Industry Outlook Depends on a Number of Factors""; ""Uncertain Future Domestic Consumption""; ""Costs of Key Regulations""; ""Extent to Which Refiners Can Export and Compete in Foreign Markets""; ""Refiners Projected to Continue to Rely on Foreign Markets""; ""Foreign Markets Could Present Both Challenges and Opportunities for U.S. Refiners""; ""Conclusion""; ""Recommendations for Executive Action""; ""Agency Comments and Our Evaluation""

""Appendix I: Scope and Methodology""""Appendix II: List of Stakeholders""; ""Appendix III: Further Information Regarding the Renewable Fuel Standard, Compliance Credits, and the Blend Wall""; ""End Notes""; ""Chapter 2: Energy Markets: Increasing Globalization of Petroleum Products Markets, Tightening Refining Demand and Supply Balance, and Other Trends Have Implications for U.S. Energy Supply, Prices, and Price Volatility(""; ""Why GAO Did This Study""; ""What GAO Recommends""; ""What GAO Found""; ""Abbreviations""; ""Results in Brief""; ""Background""

""The United States Is the Largest Consumer of Crude Oil and Petroleum Products, but Global Demand Has Grown Significantly in Recent Years""""Key Aspects of the Petroleum Product Markets: Refining, Inventories, and Infrastructure""; ""Refining""; ""Inventories""; ""Pipeline and Marine Supply Infrastructure System""; ""Several U.S. Agencies Regulate and Monitor the Downstream and Midstream Oil Industry and Petroleum Product Markets""; ""Petroleum Products Markets Have Become Increasingly Global with Greater Trade and Prices Increasingly Linked across Countries""

""International Trade in Petroleum Products Has Expanded Significantly""

Notes:

Includes index.

Description based on online resource; title from PDF title page (ebrary, viewed September 4, 2014).

ISBN:

1-63321-473-7

OCLC:

916949686