Refining

U.S. Refineries Competitive Positions

I recently participated at the Energy Information Administration’s 2014 Energy Conference, and during a panel discussion on world product trade, took the opportunity to address issues not raised in recent ICF and IHS studies that supported crude exports. Contrary to...

/ July 29, 2014

Refining Capacity Maxed Out? Bunk

In the course of just seven years, the United States has evolved from a future defined by energy challenges to one of enormous energy opportunities. U.S. crude production has increased by 55 percent to eight million barrels per day just...

/ July 24, 2014

Making Sense of Last-In, First-Out (LIFO) and We Aren’t Talking About Your Work Schedule

As policymakers debate fiscal issues, including deficit reduction efforts, some have called for a retroactive repeal of the “last-in, first-out,” (LIFO) an inventory accounting method used by nearly 40 percent of U.S. businesses.

/ July 22, 2014

A Cautionary Tale – GHG NSPS Not Just for Utilities

Some in the refining industry breathed a sigh of relief when the Obama Administration signaled earlier this year that they would not propose a refinery greenhouse gas New Source Performance Standard (NSPS) while they were in office. In addition, environmental...

/ July 17, 2014