Refining

Largest Crude-By-Rail Unloading Terminal In The U.S.

Plans to turn Philadelphia city into an “energy hub” where natural gas from the Marcellus Shale would be pumped, processed, exported and used as fuel by manufacturers, were given a high-profile sales pitch at a one-day conference in the city last Friday. The Greater Philadelphia Chamber of Commerce and Philadelphia Energy Solutions, a local refiner,… Keep reading →

eia thanksgiving gas

The oil market is filled with winners and losers. When oil prices decline, refiners generally win as their feedstock is less expensive, but producers lose as they get less money for their product. This highlights the attraction of vertical integration – operating both upstream production and downstream refining – which can insulate companies from oil… Keep reading →

Gas Prices Drop To Lowest Level In Nearly Four Years

US gasoline prices are at their lowest level since 2009 – $2.81 per gallon according to AAA – which could boost the number of holiday travelers and shoppers. “That could mean what is typically the busiest travel day of the year in the United States could get even busier — AAA estimated that 46.3 million… Keep reading →

Illinois Plant Produces Alternate Fuel

Rumors swirled today that the US EPA would finally announce the 2014 renewable volume obligations – quantity of ethanol and biofuels to be blended into the fuel supply – until the agency surprised many by postponing the announcement until next year. The renewable fuel standard, as the law is known, has been controversial for years.… Keep reading →

F-16 Flies Over New York City

The US Air Force just completed an initiative to convert all of its bases from military-specific grade jet fuel to a civilian grade – Jet A with additives – that will save millions of dollars in annual fuel costs and allow the Air Force to purchase fuel from a much wider pool of suppliers. This… Keep reading →

JobsToday1

 It’s not just doctors and scientists that need STEM education. America’s shifting economy is demanding more trained workers in many different sectors. See how Travis Brooks got the hands-on education he needed to become a technician at the Chevron Pascagoula Refinery. Visit The Atlantic to learn more.

China's 2014 Economic Growth Probable To Reach 7.5 Percent

The NRDC released a report that finds Chinese bunker fuel emissions are a serious and often “overlooked” problem. “With ships allowed to burn fuel with much higher sulfur levels than permitted in on-road diesel, one container ship cruising along the coast of China emits as much diesel fuel pollution as 500,000 new Chinese trucks in… Keep reading →

Spindletop Oil Well Centennial

Many were praising the wisdom of the vertically integrated oil company business model pioneered by John D. Rockefeller Sr. when ExxonMobil and Chevron today posted higher than expected third quarter earnings that were buoyed by their downstream operations. Oil price decreases weighed on upstream performance, which is typically where these companies generate most of their… Keep reading →

Delta Air Lines Buys Philadelphia Area Oil Refinery From ConocoPhillips

It’s been a little over two years since Delta Airlines took the plunge into the refining business as part of its fuel cost control strategy. The refinery posted a $19 million profit in the third quarter, but has run into problems complying with the renewable fuel standard. The refinery was reconfigured to maximize jet fuel… Keep reading →

Ethanol Industry Threatened By Midwest Drought

The always-ugly battle between US oil refiners and the biofuels industry over EPA’s renewable fuel standards heated up again today when 31 oil executives sent a letter to President Obama urging EPA to stick with fuel blending volumes proposed last November. The proposal aims to find a balance between encouraging the continued growth of the… Keep reading →

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