Forum Discussion
DelCamper
Nov 08, 2012Explorer
Lindsay Richards
There is no need for new oil refineries. US crude oil demand dropped by 3 million barrels / day since 2008. Even after closure refinery margins (delta between crude oil price and finished product) went negative at several times. In order to keep what refineries the US had they started exporting gasoline and fuel oil.
There is no need for new oil refineries. US crude oil demand dropped by 3 million barrels / day since 2008. Even after closure refinery margins (delta between crude oil price and finished product) went negative at several times. In order to keep what refineries the US had they started exporting gasoline and fuel oil.
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