AM-91-06 OUTLOOK FOR REFINED PRODUCTS TO 2000

Description:

As recently as 18 months ago industry planners were concerned about how the U.S. refining industry could meet the growth in demand, particularly light products, expected in the 1990’s. It was said that with refineries operating near 90% of capacity (and their conversion units at even higher rates), with no grass root refineries to be built, largely because of environmental risks and opposition, and with net capacity expansions of existing facilities limited for financial and environmental reasons, a substantial growth in products imports would be required to meet the projected demand increase of the 1990’s.