Impact of Imported Petroleum Products on the Domestic Petroleum Industry: Hearing Before the Subcommittee on Energy Regulation and Conservation of the Committee on Energy and Natural Resources, United States Senate, Ninety-ninth Congress, First Session ... June 4, 1985U.S. Government Printing Office, 1985 - 579 pages |
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Expressions et termes fréquents
Ashland Ashland Oil barrels a day barrels per day blending stocks BOGGS Chairman CHEMICAL competitive cooperative costs countries crude oil crude oil prices crude prices decline demand Department of Energy distillation capacity domestic crude domestic refining capacity domestic refining industry Don Nickles East-West Center economic energy security excess export refineries feedstocks foreign refiners fuel oil gasoline imports Hydrotreat idle impact import fee increase independent refiners LIBRARY OF CONGRESS major million b/d million barrels MMBD MMBPD motor gasoline naphtha national security oil companies oil imports OPEC operating capacity percent Persian Gulf petrochemical petroleum industry petroleum product imports plant problem product prices profit question quotas result Saudi Arabia Senator NICKLES shut shutdown sources Strategic Petroleum Reserve subsidies supply disruption tariff Texaco trade trend U.S. Agriculture U.S. gasoline U.S. imports U.S. market U.S. refining capacity U.S. refining industry U.S. Virgin Islands United unleaded
Fréquemment cités
Page 197 - April 1, 1985 hearing before the Environment, Energy, and Natural Resources Subcommittee of the House Committee on Government Operations. The volume would quadruple to 2 million barrels per day overnight in the event of a mobilization.
Page 314 - How severe." Current increases in petroleum demand in consuming nations are projected to continue, with a tight market expected to return within a few years. Political instabilities in major oil producing nations have by no means diminished and are expected to continue as the norm. It...
Page 330 - ... [Enclosure 1] Trend Analysis in Import Data A detailed analysis of DOE import data over the last four years demonstrates an accelerated growth in imports of both finished and unfinished petroleum products. ' Growth in Gasoline Imports — As illustrated in Tables 1 and 2 below, total imports of finished gasoline, blending stocks and unfinished oils increased by a factor of 231 percent from 1981 to 1984. These same total "gasoline...
Page 518 - Director of Editorial Surveys Major construction projects in worldwide processing and pipelining, showing capacities, contractors, estimated costs, and time of completion. Total capacity figure in "Remarks & completion" column includes capacity of project listed.
Page 314 - The product import trend reminds us again that the world we live in is a dynamic and complex system with one ominous constant-- change. Petroleum product imports represent the new factor in the emergency preparedness equation, which possesses the potential capability of disarming the SPR, and turning this imposing strategic weapon into the next Maginot Line.
Page 201 - Sato's attempt also has drawn attention to the strict controls and protection that japan maintains for some industries that are not internationally competitive, despite much-publicized steps toward liberalization of imports in recent years. Japanese consumer spokesmen, meanwhile, have criticized the government for .blocking the introduction of lower-cost gasoline. Sato said that the lower prices charged by the Singapore refinery would have allowed him to sell the fuel to motorists in Japan for about...
Page 120 - My name is Leonard Steuart, I am President of Steuart Petroleum Company, an East Coast marketer and importer of refined petroleum products. I am also the Chairman of an ad hoc coalition of independent marketers opposed to the imposition of barriers to imports of crude oil and refined petroleum products. In our view, such barriers would harm competition in the petroleum industry and would hinder economic growth; further, they would not contribute to the health of the petroleum industry nor the preservation...
Page 314 - OS again tarn a blind eye to emerging problems, reacting to a crisis only after the fact, typically with too much of the wrong solution? • It would be a senseless tragedy if this nation were to turn to the SPR in a future emergency and find the SPR to b
Page 226 - O— 85market share of these foreign producers increased while US market share declined. Current Import Pressures Petroleum product import limitations are strong medicine. Those advocating these measures should be able to show a correspondingly strong need. Our review of the evidence fails to reveal changes in import patterns that would warrant such a strong response at this time, though we agree that possible problems should be closely watched. In 1973, the US imported 3 million B/D of petroleum...
Page 334 - US vs. OPEC The US refining industry is undergoing a major contraction. From 1981 through 1983, 2 million barrels per day (BPD) of capacity were shut down permanently, with an additional 1 million BPD idled. Capacity in excess of 1 million BPD was shut down during 1984. An additional 1 million BPD could close down in the near future. Yet, in spite of a contraction in existing capacity in the US and other consuming regions, offshore refining capacity is expanding in oil producing regions. • While...