It is not uncommon for stereotypes to be repeated long after they are no longer valid and to be considered received wisdom even in the face of evidence to the contrary.
I remember a few years ago when we were discussing a new regulatory approach being proposed in Europe that would put more of the burden of ensuring chemical safety on industry. It was touted by...
The petrochemical and petroleum refining industries are always in flux. Whether it is new supplies like oil sands-derived synthetic crudes or tight oil crudes and condensates; new technologies like...
Some things don’t change and allow me to say “thank goodness for that” because dealing with changes can be exhausting. So I’m sure that you will find it reassuring to know that you can count on...
WASHINGTON, D.C. – Today, amid concerns about the spread of COVID-19, the American Fuel & Petrochemical Manufacturers has made the difficult decision to cancel its Annual Meeting slated to take place March 22-24 in Austin, Texas, and the International Petrochemical Conference scheduled for March 29-31 in New Orleans.
Hurricane Irma passed through Florida and into the Southeast over the weekend, and our thoughts and prayers are with the state and its residents as they begin to recover from this devastating storm.
AFPM President and CEO Chet Thompson issued the following statement regarding President Biden’s suggestion that a Windfall Profit Tax should be considered to address fuel supplies and prices: “Once again, the President is more worried about political posturing before the Midterms than he is about advancing energy policies that will actually deliver for the American people."
Some policymakers are rumored to be considering a ban on crude oil and/or U.S. refined product exports. This would be a mistake. Ending U.S. crude oil or refined product exports won’t help U.S. consumers by lowering prices at pump. In fact, it could make things even worse. Let’s take a closer look at how a refined product export ban would affect gasoline and diesel supplies and, thus, prices in the United States and around the world.
Refinery utilization, measures how much crude oil refineries are processing or “running” as a percentage of their maximum capacity. It tells us roughly how much of our refining muscle is being put to work manufacturing fuel. American refineries are running full-out, at about 95% of total capacity, contributing more fuel—gasoline, diesel, jet fuel, etc.—to the global market than any other country. In fact, U.S. refineries process more crude oil every day than the United States produces, and we make more finished fuels than the United States consumes.