Legacy of overproduction: market vs. resource realities

Journal Article · Wed Feb 10 04:00:00 EST 1988 · Energy Detente; (United States)

OSTI ID:7167362

In January, 1982, there was an incentive of US $8.50 for US refiners to run, or get outfitted to run, heavy crude oil instead of light crude oil. Today, the incentive is nearer half that amount. With world crude resources in favor of heavy, but market forces in favor of light, a significant conflict of interests exists. That conflict is not so much among countries or companies as it is among short - vs. long-term perspectives. In this issue, US light-heavy crude and product price differentials, light vs. heavy crude-oil import volumes, and refining margin trends are reviewed. This issue also contains the following: (1) ED refining netback data for the US Gulf and West Coasts, Rotterdam, and Singapore for early February, 1988; and (2) ED fuel price/tax series for countries of the Western Hemisphere, Feb. 1988 edition, 4 figures, 7 tables.

• OSTI ID: 7167362
• Journal Information: Energy Detente; (United States), Journal Name: Energy Detente; (United States) Vol. 9:2; ISSN EDETD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020400* -- Petroleum-- Processing
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
CARBONACEOUS MATERIALS
COAL
DATA
ENERGY SOURCES
FINANCIAL INCENTIVES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
IMPORTS
INDUSTRIAL PLANTS
INFORMATION
MARKET
MATERIALS
NATURAL GAS
NUMERICAL DATA
PETROLEUM
PETROLEUM PRODUCTS
PETROLEUM REFINERIES
PRICES
STATISTICAL DATA
TAXES
VISCOSITY