NPC study: Proposed regulations to sharply hike US refining costs

Most US refineries and many product terminals can expect exceptionally large costs in refinery and distribution investments within the next 6 years if recently proposed Environmental Protection Agency (EPA) emissions-control policies are implemented as scheduled. Click here to enlarge imageImplementation is expected to cost billions of dollars and could result in possible supply interruptions, price variations, and some facility shutdowns, according to a study by the National Petroleum Council, the US energy secretary's oil and gas industry advisory panel.NPC released the study late last month (OGJ Online, June 20, 2000).The study, requested by the Secretary of Energy in mid-1998, in...

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