oil entitlements program and its effects on the domestic refining industry

by Stephen W. Chapel

Publisher: Rand Corp. in Santa Monica, Calif

Written in English
Published: Downloads: 75
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Subjects:

  • Petroleum products -- Prices -- United States,
  • Petroleum industry and trade

Edition Notes

StatementStephen W. Chapel.
SeriesThe Rand paper series -- P-5717, P (Rand Corporation) -- P-5717.
The Physical Object
Pagination9 p. :
ID Numbers
Open LibraryOL13571206M
OCLC/WorldCa2749176

domestic oil price was permitted to increase at the rate of 10% annually. (In , uncontrolled imported oil sold for about $/ barrel. At the onset of the oil price control program, domestic oil prices were just above $3 per barrel.) EPCA75 also gave the President the discretionary authority to end oil . The economic impact of the non-market rules now in effect is very large. For example, a refiner who, under the current crude oil entitlement program, is granted a substantially larger quota of lower priced lower tier crude oil than he would be able to purchase on the open market is given a great deal of assistance by government.   Diana Negroponte examines Mexico’s recent reform of its energy sector, the opportunities for change it presents and the reform’s impact on PEMEX, the Mexican Petroleum Fund, energy companies. Crude Oil, Refinery Receipts. Receipts of domestic and foreign crude oil at a refinery. Includes all crude oil in transit except crude oil in transit by pipeline. Foreign crude oil is reported as a receipt only after entry through customs. Crude oil of foreign origin held in bonded storage is excluded.

specific company or industry. IFRS is a principles based framework and short on industry guidance. PwC looks at how IFRS is applied in practice by oil and gas companies. This publication identifies the issues that are unique to the oil and gas companies industry and includes a number of real life examples to demonstrate how companies are. The oil and gas sector of a country is an important part of its economy. The oil and gas sector of Pakistan has massive share in the country’s economy. Development of oil and gas sector is the. US oil and natural gas industry on the national and state economies in terms of employment, labor income, and value 3added. This report presents PwC’s economic impact estimates for , the most recent year for which a consistent set of national and state-level data is available.4 of industry. the oil and natural gas industry. of the oil and. The U.S. Oil Refining Industry: Background in Changing Markets and Fuel Policies Congressional Research Service Summary A decade ago, refineries operated in the United States and its territories and sporadic refinery outages led many policy makers to advocate new refinery construction. Fears that crude oil.

  The Nigerian government regulates the gasoline price on its domestic market ( naira per litre, equivalent to some $ per litre), running counter to the general African trend of oil-producing. The United States Oil Refining Industry Companies, Capacities and Market Share - Ma PM Eastern Standard Time. DUBLIN DUBLIN--(BUSINESS WIRE)--The "Oil Refining Industry in India " report has been added to 's downstream energy sector report, Oil Refining Industry in .

oil entitlements program and its effects on the domestic refining industry by Stephen W. Chapel Download PDF EPUB FB2

(2) Eliminating the entitlements program will reduce crude oil imports and increase product imports for all products except distillate fuel oil.

(3) Removing entitlements will affect the supply from the domestic refinery industry. Therefore, if there are any product markets with an insignificant amount of imports, eliminating entitlements will. @article{osti_, title = {Oil entitlements program and its effects on the domestic refining industry}, author = {Chapel, S.W.}, abstractNote = {It has been hypothesized that entitlements increased crude oil imports and decreased refined-product imports.

The empirical tests summarized in this paper support the hypotheses. There are several implications. Get this from a library. The oil entitlements program and its effects on the domestic refining industry.

[Stephen W Chapel; Rand Corporation.]. 5— The Petroleum Refining Industry. 87 and each refinery has been built to process a cer-tain type of crude oil (or “slate” of crudes) to pro-duce the products required for a defined market.7 Markets for specific products change constant.

Description of tax and tariff proposals for domestic oil refining scheduled for a hearing before the Subcommittee on Energy and Agricultural Taxation of the Committee on Finance on Ma / (Washington: U.S. G.P.O.: [For sale by the Supt. of Docs., U.S. G.P.O., Congressional Sales Office], ), by United States.

Congress. (1) Updated Oil and Gas Industry Overview, IRM including a description of the oil and gas well drilling industry and international issues. Added Business Segments, downstream and upstream in IRM (2) Removed references to Petroleum Industry Program. Quantities of crude oil and oil products imported under process ing agreements (i.e.

refining on account) are included. Quantities of oil in transit are excluded. Crude oil, NGL and natural gas are report ed as coming from the country of origin; refinery feedstocks and oil prod-ucts are reported as coming from the country of last consignment.

Environmental Risks of the Oil Industry 5. Conclusions and Recommendations Related Chapters Glossary Bibliography Biographical Sketch Summary This chapter aims to present the main environmental impacts of the oil and gas industry throughout the stages of exploration and discovery of new deposits, hydrocarbon production and oil refining.

PRESENTER: For crude oil to be used effectively by modern industry, it has to be separated into its component parts and have impurities like sulfur removed. The most common method of refining crude is the process of fractional distillation.

This involves heating crude oil to about degrees Celsius, to turn it into a mixture of gases. Full text of "Description of tax and tariff proposals for domestic oil refining scheduled for a hearing before the Subcommittee on Energy and Agricultural Taxation of the Committee on Finance on Ma " See other formats.

9 Land Use in the Oil and Gas Industry 10 The Pinedale Gas Field, Wyoming 11 Heavy Oil 12 Oil and Gas in the U.S. Arctic 13 Offshore Oil and Gas 14 Spills in Oil and Natural Gas Fields 15 Transportation of Oil, Gas, and Refined Products 16 Oil Refining and Gas Processing 17 Non-Fuel Products of Oil and Gas 18 Air Quality Impacts of Oil and Gas.

Cleveland became a center of the refining industry principally because of its transportation systems. When product prices declined, the ensuing panic led to the beginning of a Standard Oil. Learn more in Refining crude oil—inputs and outputs.

Refineries operate 24/7. A refinery runs 24 hours a day, days a year and requires a large number of employees. A refinery can occupy as much land as several hundred football fields. The increasing demand for petroleum products in India and China is expected to drive the oil and gas refining market.

The global industry experienced robust growth during the last five years and is expected to continue its growth momentum, reaching approximately US $7, billion in with a CAGR of % over next five years (). EFFICIENT MAINTENANCE AND RELIABILITY PROGRAM.

In the oil and natural gas industry business these days, a good maintenance and reliability program cannot be over emphasized, especially with dwindling prices of oil and ageing facilities coupled with safety, environmental and integrity concerns.

An effective Maintenance program. Assessment (ESIA) for the Oil Refinery (Stage 1) of the TANECO Oil Refining and Petrochemical Complex, Nizhnekamsk, Republic of Tatarstan Russian Federation November – February Delivering sustainable solutions in a more competitive world. Oil Refineries, your health and the environment: what you need to know What is an oil refinery.

Oil refineries convert crude oil, coal, or natural gases into fuel (including petrol, diesel, paraffin, kerosene). There are various processes involved which include heating and chemical reactions.

In SA. An oil refinery runs 24 hours a day, days a year and requires a large number of employees. Refineries come offline or stop working for a few weeks each year to undergo seasonal maintenance and. The existing system is administered as part of the so‐called entitlements program, an effort to equalize the cost of foreign and domestic oil by having refiners of domestic oil.

As the largest oil refinery industry in the world and domestic demand for refined oil products leveling off, the U.S. will be a key player in the future.

The oil & gas industry is broken down into three segments: upstream, midstream, and downstream. Upstream, or exploration and production (E&P) companies, find reservoirs and drill oil. The National Petroleum Council projects the U.S. refining industry will. need to spend $ billion by, to upgrade its refineries.

But environmental regulation has already begun to take a toll. An entitlement is a government program guaranteeing access to some benefit by members of a specific group and based on established rights or by legislation. Then there are a number of other entitlement programs, for example, to the oil industry, to farmers, to renewable resource companies, and many others we are probably not even aware of.

The Case for a Strong Domestic Refining Industry - April 4 The domestic refining industry’s investments have a major economic impact across the country.

For example, the recent expansion of the Motiva refinery in Port Arthur, Texas, provided construction jobs for workers in Southeast Texas, along with additional jobs at the refinery. The effect on domestic gasoline prices is a major consideration, among several, associated with allowing crude oil exports.

Commercial studies and federal government analysis suggests that gasoline prices are correlated to international crude oil prices—since gasoline and other.

Petroleum, complex mixture of hydrocarbons that occur in Earth in liquid, gaseous, or solid form. The term is often restricted to the liquid form, commonly called crude oil, but, as a technical term, petroleum also includes natural gas and the viscous or solid form known as bitumen, which is found in tar sands.

11/95 Food And Agricultural Industry Vegetable Oil Processing General The industry group producing fats and oils includes cottonseed oil mills, soybean oil mills, vegetable oil mills (other than corn, cottonseed, and soybean), and other mills.

Wet corn mills are the primary producers of corn oil. The oil and fat products used for edible purposes can be divided into two distinct classes: liquid oils, such as olive oil, peanut oil, soybean oil, or sunflower oil; and plastic fats, such as lard, shortening, butter, and physical nature of the fatty material is unimportant for some uses, but the consistency is a matter of consequence for other products.

India’s refining capacity had also witnessed a CAGR of % between and As of AugustIndia Oil Corp., India’s largest refining company, aimed to increase its refining capacity from million metric ton per annum to million metric ton per annum by   The program requires refluers with relatively great access to domestic crude still under an average ceiling price of $ a barrel to make payments to refiners more dependent on higher‐priced.

The heavier (more dense) the crude oil, the higher its C/H ratio. Due to the chemistry of oil refining, the higher the C/H ratio of a crude oil, the more intense and costly the refinery processing required to prod uce given volumes of gasoline and distillate fuels. Thus, the chemical composition of a crude oil and its various boiling range.The program begins with a detailed discussion of crude oil and products, including commercial transactions, which may have a large impact on refinery economics.

The presentation then moves into the refinery to explore the effects of crude oil type on refining yields and to examine the interactions between crude oil selection and refinery. Robert Rapier is a chemical engineer in the energy industry.

Robert has 25 years of international engineering experience in the chemicals, oil and .