Posted July 14, 2014
U.S. Oil Output Booms – Now Refiners Have to Catch Up
CNBC: The United States is swimming in oil and gas. But processing the new-found bounty is posing a challenge to U.S. refiners, which can't come to grips with the abundance in domestic supply.
A production renaissance has catapulted the United States into the upper strata of global energy producers. Yet with fewer than 150 refineries, the U.S. has a surprisingly limited capacity to process the bounty.
"Some refineries are better suited for light sweet crude," while others—primarily on the Gulf Coast—are better optimized for the heavier, international variety of oil, said Bob Greco, director of upstream operations for the American Petroleum Institute.
The huge increase in shale production in places like North Dakota is helping to revitalize East Coast refineries, Greco said in an interview.
Read more: http://cnb.cx/1sfHRxZ
More industry news:
ANGA’s Durbin: Making the Most of America’s Natural Gas: http://bit.ly/U52vSm
North Dakota and Texas Send U.S. Oil Boom Skyrocketing: http://bit.ly/1sfIHdT
EIA: U.S. Oil Output from Major Shale Plays to Rise 72,000 BPD in August: http://reut.rs/1sURHCL
Opinion: Energy Policy and the Costs of Inaction: http://bit.ly/1qYk2bT
Study: Denton, Texas Fracking Ban Would Cost City Millions: http://bit.ly/W4BjF9
Opinion: Keystone XL’s Southern Leg Provides Billions in Benefits, So Why the Delay on the Northern Link? http://washex.am/1sUTbgg
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.