Editorial: Sources of instability
A prominent feature of the oil market these days is instability. Because global spare capacity to produce crude oil is perilously low in relation to consumption, worry about the potential for disruption to supply has risen, boosting instability’s influence over the price of crude.
Questions linger as refiners cut US diesel sulfur content
Just days from the Environmental Protection Agency’s June 1 deadline for production of ultralow-sulfur diesel (ULSD) for highway vehicles, refiners and pipeline companies appear prepared for the changeover-but other downstream participants may not be ready.
Gasoline hearing probes boutique fuel, ethanol issues
The conflict between specialized motor fuel blends’ air-quality benefits under normal supply conditions and the logistical problems they create when supplies are restricted came quickly into the open as the House Energy and Commerce Committee began hearings May 10 on gasoline prices, supplies, and formulations.
House panel hears how fuel suppliers meeting challenges
US motor fuel suppliers apparently are meeting challenges raised by the Energy Policy Act of 2005 (EPACT) and new pollution-reduction requirements from the Environmental Protection Agency, several witnesses told a congressional committee on May 11.
House Dems plan to revive refining reserve proposal
US House Democrats intend to bring back their proposal to create a strategic refining reserve as an alternative to a Republican bill aimed at simplifying refinery construction permit application processes.
OTC: US production boost seen from R&D consortium
Falling US oil and gas production could be turned around if a controversial section of a recently passed bill is implemented, members of a technology panel said May 3 at the Offshore Technology Conference in Houston.
Watching the World - Ecuador tries on a fig leaf
Fig leaves are all the rage these days, especially in Latin America. But the one being tried on by Ecuador over its seizure of Occidental Petroleum Corp.
OTC: Energy players present varied views on alternative energy
Representatives of several segments of the energy industry approached alternative energy from various perspectives during an Offshore Technology Conference panel discussion May 4.