Have you ever wondered how crude oil or natural gas is processed, and how it becomes the building blocks of products we use everyday? This infographic gives a basic snapshot of how petrochemical manufacturing works.
To address freight rail concerns, leaders from LyondellBasell and the Surface Transportation Board (STB) held discussions and toured LyondellBasell’s facility in Morris, Illinois. LyondellBasell’s Morris Complex is unique in that it is served by more than one major rail carrier. Nearly 80 percent of U.S. refineries and petrochemical facilities operate in regions served by just one freight rail provider.
SPR releases cannot be the center of this Administration’s strategy to confront inflation and high energy prices. At best, SPR releases are a short-term fix, they are not a solution. Stability and certainty is what global crude oil markets crave.
If the Biden Administration is serious about helping consumers, it needs to adopt policies that promote U.S. energy production and refining. A good place to start would be right-sizing RFS mandates.