Product imports, energy security and the domestic refining industry
This study examines the energy security threat posed by recent reductions in domestic refining capacity and by petroleum product imports. The study reviews refinery economics during price controls, and analyzes the effects of competition from the Middle East and North African refineries and the energy security effects of product import tariffs through 1988. The analysis indicates that total domestic refining capacity and the expected level of product imports will not pose an energy security threat to the US. No further significant net closures of refining capacity are expected through 1988. There is sufficient excess refining capacity in the US and in other major petroleum refining centers to refine the available crude oil in the event of a product supply disruption in the Middle East and North Africa.
- Research Organization:
- USDOE Office of Policy, Planning and Analysis, Washington, DC. Office of Economic Analysis
- OSTI ID:
- 5599892
- Report Number(s):
- DOE/PE-0075; ON: DE86013427
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
CAPACITY
COMPILED DATA
DATA
ECONOMIC ANALYSIS
ECONOMICS
ENERGY CONSUMPTION
ENERGY SOURCES
FOSSIL FUELS
FUEL CONSUMPTION
FUELS
IMPORTS
INDUSTRIAL PLANTS
INFORMATION
NORTH AMERICA
NUMERICAL DATA
PETROLEUM
PETROLEUM PRODUCTS
PETROLEUM REFINERIES
PRICES
SUPPLY DISRUPTION
TARIFFS
USA