Gasoline: will we run short
In a question and answer format, Frank E. Mosier, in charge of Supply and Transportation for Sohio, examines some of the problems behind the current gasoline supply issue and suggests some possible remedies. The shortage this summer (1979) is a combination of the loss of Iranian oil imports, increasing gasoline demand by consumers, and a lack of new gasoline manufacturing capacity. Shortages will more likely be of unleaded gasoline because it is more difficult to make in the refineries. Environmental legislation and a morass of regulations have made it difficult to begin construction of new refineries in certain locations, according to Mosier. With surplus refining capacity abroad, there is concern that government policy will permit unlimited product imports at marginal prices. Finally, oil companies are investing Alaskan oil profits in new profit-generating investments instead of refineries to sustain them when Alaskan oil is depleted. If the government removed certain regulatory constraints, said Mosier, building new refineries might be a different story.
- OSTI ID:
- 6266721
- Journal Information:
- Sohioan; (United States), Vol. 51:2
- Country of Publication:
- United States
- Language:
- English
Similar Records
Gasoline shortages. Hearings before the Subcommittee on Economic Stabilization of the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-Sixth Congress, first session on oversight of the economic stabilization aspects of the present gasoline shortage, May 22 and June 6, 1979
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Related Subjects
POLICY AND ECONOMY
02 PETROLEUM
GASOLINE
ENERGY SHORTAGES
SUPPLY AND DEMAND
PETROLEUM REFINERIES
UNLEADED GASOLINE
AUTOMOTIVE FUELS
AVAILABILITY
COMMERCIAL SECTOR
ECONOMIC DEVELOPMENT
FUELS
PETROLEUM PRODUCTS
294002* - Energy Planning & Policy- Petroleum
020400 - Petroleum- Processing
292000 - Energy Planning & Policy- Supply
Demand & Forecasting