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Energy Tomorrow Blog

Domestic Energy Surge is Boosting Refining Sector

refineries  oil and natural gas development  shale energy  trade  economic growth  epa regulation 

Mark Green

Mark Green
Posted May 15, 2014

Another benefit of America’s energy renaissance is seen in the competitive edge North American refiners are gaining because of lower feedstock costs, resulting from surging domestic crude oil and natural gas production.

The latest “This Week in Petroleum” report by the U.S. Energy Information Administration (EIA) says that U.S. and Canadian refiners are in a stronger position relative to European counterparts because of lower costs for domestic crude oil and natural gas, from which they make a variety of value-added finished products.

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The Trouble with Tier 3

epa regulation  petroleum 

Mark Green

Mark Green
Posted March 4, 2014

EPA's new, stricter rule requiring refiners to remove the last bit of sulfur from gasoline very likely will impact consumers and put additional drag on the economy while providing, at best, negligible benefit. The agency’s Tier 3 rule is a prime example of an unreasonable regulatory reach – one that studies have shown will increase costs without appreciably helping the environment.

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Is EPA Listening on the RFS, 'Blend Wall'?

blend wall  epa regulation  renewable fuel standard  ethanol  refineries 

Mark Green

Mark Green
Posted October 14, 2013

Interesting analysis from Reuters, citing a leaked EPA document in which the agency indicates it may significantly reduce its biofuels mandate for 2014. The same document acknowledges that the refining “blend wall” is an “important reality,” according to Reuters. If accurate, the report suggests EPA is starting to hear what the oil and natural gas industry and a host of other voices have been saying about the flawed Renewable Fuel Standard (RFS).

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Proposed Tier 3 Rule: Unnecessary, Unjustified

Refining  epa regulation  fuels 

Mark Green

Mark Green
Posted October 11, 2013

EPA’s proposal to require additional reduction of sulfur levels in gasoline could mean $10 billion in capital costs for U.S. refiners and annual compliance costs of $2.4 billion, according to a Baker & O’Brien study – potentially resulting in an increase of between 6 cents and 9 cents per gallon in the cost of making gasoline. Going from sulfur levels of 30 parts per million (ppm) to 10 ppm – after Tier II reduced content from 300 ppm to 30 ppm – would produce negligible improvements in air quality, according to an ENVIRON study.

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