U.S. Petroleum Refining Industry and the Globalization of Petroleum Products


Collin T. Roberts (Editor)

Series: Renewable Energy: Research, Development and Policies
BISAC: TEC031030

The U.S. petroleum refining industry-the largest refining industry in the world-experienced a period of high product prices and industry profits from the early 2000s through about 2007. Since the recession of 2007 to 2009, the industry has been in transition. Federal and state agencies regulate petroleum refining and the use of petroleum products to protect human health and the environment, as well as for other purposes.

EPA, DOT, and California strengthened five key regulations, including EPA and DOT’s coordinated fuel economy and GHG vehicle emission standards, and EPA’s RFS, which has required that refiners and others ensure transportation fuels include increasing amounts of renewable fuels such as ethanol produced from corn. This book examines major changes that have recently affected the industry and the future of the industry. (Imprint: Nova)

Table of Contents

Table of Contents


Chapter 1 – Petroleum Refining: Industry’s Outlook Depends on Market Changes and Key Environmental Regulations (pp. 1-58)
United States Government Accountability Office

Chapter 2 – Energy Markets: Increasing Globalization of Petroleum Products Markets, Tightening Refining Demand and Supply Balance, and Other Trends Have Implications for U.S. Energy Supply, Prices, and Price Volatility (pp. 59-120)
United States Government Accountability Office

Index 121

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