AM-10-179 The Economics of Real-Time Energy Management

Description:

The entire business of oil refining is a business of energy in the broadest sense of the phrase and energy management has been a major focus ever since the inception of oil refining. Refineries consume huge amounts of energy making energy one of the primary components of the variable cost of operation (outside of feedstock costs). The recent rise in the price of energy coupled with the more recent economic slump has drawn greater attention than ever to the efficient management of energy costs.