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Is Big Oil’s Transportation Fuel Dominance Coming to an End?

Is Big Oil’s Transportation Fuel Dominance Coming to an End?

Big oil has dominated the transportation fuel market for decades. But according to Lux Research, its days are numbered. “Oil’s dominant position in transportation fuels has proved impregnable for more than a century, but real threats abound now,” said Brent Giles, Lux research director and lead author of the report, … Read more »

Petroleum Refineries’ Capacity Increases

Petroleum Refineries’ Capacity Increases

The capacity of US petroleum refineries increased by 101,000 barrels per calendar day between 2013 and 2014, according to a report by the US Energy Information Administration. There are currently 139 operating refineries and three idle refineries with total atmospheric crude oil distillation capacity of 17.9 million bbl/cd in the … Read more »

Isaac Shuts Oil, Gas Production; Could Ease Drought

Isaac Shuts Oil, Gas Production; Could Ease Drought

More than three-fourths of daily oil production in the Gulf of Mexico has been shut in as Tropical Storm Isaac bears down on the coast and threatens to make landfall as a hurricane, which could produce flooding and storm surges in Louisiana and Florida. The Bureau of Safety and Environmental … Read more »