Tag: crude oil

As U.S. Tight Oil Production Grows, Can the Nation’s Refineries Process It or Will It Soon be Exported?

During the past ten years, thanks to hydraulic fracturing of horizontal wells and the high cost of crude oil, the U.S. has gone from being the world’s largest importer of petroleum products to the leading exporter of these same products

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Oil Price Puts a Hold on Sasol’s Westlake GTL Project

With crude oil prices hovering around $50 – $60 per barrel, Sasol announced on Jan. 28 2015 that they are delaying a final investment decision on their proposed 96,000 bpd GTL Project in Calcasieu Parish, Louisiana. This GTL project is

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Easy Money Possible at Cushing!

In the days of high gas prices in the US, 2003-08, many companies made easy money by taking advantage of price swings between the summer and winter months. They would buy low priced “physical” gas in the summer months and

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The U.S. Shale Oil Revolution: a Boon to Some Refiners

The United States has gone through a dramatic resurgence in crude oil supply during the past few years as a result of the unconventional shale oil revolution. The combination of horizontal drilling, hydraulic fracturing, increasing oil price, and the risk

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