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Energy Tomorrow Blog

Record Refinery Performance Lends Confidence for Hurricane Season

hurricane preparedness  refinery capacity  consumers  fuel supply 

Dean Foreman

Dean Foreman
Posted August 16, 2018

As we head into what historically is the heart of the annual hurricane season, America’s refiners have never been in a stronger position to deliver the fuels we all need – which is good news for consumers.

According to API’s Monthly Statistical Report (MSR), the refining industry in June eclipsed 18 million barrels per day (b/d) of liquid fuels processed in distillation units and has remained on track for its strongest year on record.

Indeed, the U.S. Energy Information Administration forecasts that refinery runs will average 16.9 million b/d this year and 17 million b/d in 2019 – both of which would be records, surpassing the 2017 annual average of 16.6 million b/d.

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Natural Gas, Oil and Animal Orthotics: Making the Impossible Possible

power-past-impossible  refinery  consumer products 

Mary Leshper

Mary Schaper
Posted September 29, 2017

Bogart the camel was born with carpel hyper-extensions, meaning his front legs won’t support the rest of his body. This rare and extreme condition would make it hard for Bogart to have a normal life. But Dr. Derrick Campana, an animal orthotist and founder of Animal Ortho Care in Sterling, Va., stepped in to create braces to get him on his feet – you know, all four of ‘em. Because of the size the braces needed to be, Campana turned to high-temperature thermoplastics for stability. The braces are made with polypropylene – a byproduct of natural gas and oil.

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Growing Refining Capacity and Serving Consumers

refineries  refinery capacity  consumers  petroleum products  power-past-impossible 

Mark Green

Mark Green
Posted July 24, 2017

Over the past 40 years, U.S. capacity has increased more than 1,000 percent.  Such a remarkable increase is a tribute to industry’s commitment to supply consumer needs. … Add it all up, and these numbers are very important to American consumers. Refineries not only produce the fuels that keep our vehicles running – transportation fuels account for about 85 percent of products leaving the refinery – they also turn out the petrochemical feedstocks used in countless ways in our modern lives …

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U.S. Energy Exports – To Stabilize World Supply

news  energy exports  crude oil  global markets  hess  oil imports  water management  refinery  lng exports 

Mark Green

Mark Green
Posted June 22, 2015

Wall Street Journal (Hamm) -- Amid news of a pending nuclear deal with Iran, some OPEC countries have struck agreements with refineries in Asia to avoid losing market share when Iranian oil comes back on the market. If U.S. policy will allow Iran to export oil, shouldn’t it allow America to do the same? Clearly, our allies would rather get their oil from America than Iran if given the choice. But without the ability to export, the U.S. is not even in the game.

Congress must lift the ban on U.S. crude oil exports. The ban is a terrible relic of the Nixon era that harms the American economy. As Sen. Lisa Murkowski (R., Alaska) has pointed out, restrictions on oil trade effectively amount to domestic sanctions. Combined with a mismatch in refining capacity, the ban on oil exports is creating a significant discount for U.S. light oil at no benefit to anyone except refiners and their foreign ownership. It has cost U.S. states, producers and royalty owners $125 billion in lost revenue in four years, according to industry estimates.

Foreign producers are using their heavy oil—and the U.S. ban on exports—as a weapon against America. Over the past three decades countries such as Venezuela, Mexico, Saudi Arabia and Canada have overtaken U.S. refining capacity to run their heavy crude in American refineries and capture a large portion of the U.S. market. Without firing a shot, they have disadvantaged American oil and interests.


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American Oil and Natural Gas: Crushing it

american energy  Economy  jobs  pennsylvania  exports  gulf leases  gulf  refinery  keystone xl pipeline 

Mary Leshper

Mary Schaper
Posted August 21, 2014

Wall Street Journal: U.S. economic growth accelerated in the second half of 2013 before unexpectedly contracting early this year. But growth late last year was uneven across the nation, with some energy-rich states leading the pack while economies slowed in New England and on the Plains.

 

That’s according to new data released Wednesday by the Commerce Department. The agency already reported gross domestic product for the nation on a quarterly basis and at the state level annuallyNow, it has offered a quarterly breakdown for state-level GDP data through the end of 2013. The data are volatile from quarter to quarter, but allow a finer understanding of the ups and downs in regional economies.

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Energy Today, Investing in Tomorrow

job creation  access  refinery capacity  manufacturing  drilling 

Mark Green

Mark Green
Posted December 12, 2013

In the spirit of the holiday season, we take stock of more of the gifts our country’s oil and natural gas bounty is able to present to every American – certainly, gifts that keep on giving!

First, let’s acknowledge that oil and natural gas are the energies of our lives. No hyperbole there. Oil and natural gas are the source of energy-intense fuels for transportation as well as warmth in the winter and cooling in the summer. They’re also the building blocks for a number of products we use every day, making our lives more modern, more comfortable and safer. Every day 143 U.S. refineries convert an average of 15 million barrels of crude oil for these uses and more.      

For 9.8 million Americans, the oil and natural gas industry supports their employment – directly, indirectly in supporting industries and across our economy in jobs that wouldn’t exist without oil and natural gas development. Now, let’s get to those presents.

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Hurricane Season Preparedness

hurricanes  pipelines  refinery 

Mark Green

Mark Green
Posted June 3, 2013

Fox Business News reports that because of surging shale energy development, overall oil production in the U.S. has become less susceptible to disruption from Gulf of Mexico hurricanes – even as the hurricane season officially opened over the weekend. Fox:

The U.S. is less dependent on production in the federal Gulf of Mexico, where hurricanes are more likely to cause disruptions. In 1997, 26% of the nation’s natural gas was produced there. By 2012, the Gulf of Mexico’s share fell to 6%. Oil production has also made a big shift to inland basins, thanks to booming shale plays in North Dakota and Texas.  The Gulf’s share of crude oil production in the U.S. narrowed to 19% last year from 26% in 2007 to 2011.Therefore, the impact of hurricanes on oil and natural gas production has been lessened by the shale oil boom taking place further inland.

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In Hurricane Sandy’s Wake

transcanada  oil and gas industry  new york  new jersey  hurricane sandy  hess  bp  bayway refinery 

Mark Green

Mark Green
Posted November 16, 2012

Hurricane Sandy’s impact on large parts of New Jersey and the New York City area made for riveting and sobering television, prompting an outpouring of responses – including those from the oil and natural gas industry

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