But the government cannot force refiners to produce this stuff rather than, say, petrol for cars.
While foreign refiners could pick up some slack, domestics would essentially control the market.
But these refiners are some of the most credit worthy companies in the world.
There was then a federal subsidy program for small refiners, guaranteeing them crude at reasonable prices.
FORBES: Remembering Robert Earl Holding, Billionaire Owner Of Sun Valley Ski Resort
There are two key (although not the only) specifications that refiners must meet for gasoline.
As a result, U.S. refiners have continued to produce large amounts of high-sulfur diesel.
Among them: that refiners will get at least twice as good at making ethanol.
Praxair's plants there escaped with little damage, but its customers, big oil refiners, weren't so lucky.
Refiners must therefore purchase RIN credits from companies that have used more ethanol than required.
Major refiners including Exxon Mobil and Chevron have focused their refining efforts in that region.
Exploration and production firms do well when prices are high, but refiners feel a squeeze.
Charles Drevna from the refiners group suggests that people aren't buying as much stuff now.
Charles Drevna, who heads the National Petrochemical and Refiners Association describes it this way...
The wider the spread between crude oil and refined products, the more profitable refiners are.
FORBES: Warning: Take A Close Look At High-Yielding MLPs Before You Buy
Refiners must sell 40% of their output to the public distribution system at a loss.
Under the mandate, refiners would have to use an increasing amount of biofuels or face fines.
Refiners have already moved to cease their operations, which will put further upward pressure on prices.
FORBES: Perfect Storm For Gas Prices: Sandy Forces Refineries To Shut Down As Supplies Run Thin
This in turn has affected companies, putting cost pressures on everyone from refiners to transportation companies.
FORBES: Fuel Budgets Quadrupled Since 2004 On Surging Oil Price Volatility
Winning concessions from China's politically powerful oil refiners are among the challenges environmental regulators face.
In time, market forces will spur refiners to make the necessary investments to upgrade their equipment.
If, in one week, refiners produce more of one product or another, is that really so important?
Meanwhile, the world is awash in supply of sour crude without many refiners able to process it.
Similarly, the EPA seems to derive perverse pleasure from fining refiners for failing to use nonexistent fuels.
FORBES: The EPA: The Worst of Many Rogue Federal Agencies, Part II
Ethanol refiners and other advocates typically cite energy independence as a compelling argument for the massive subsidies.
Similarly, the refiners can only wait so long for Canadian crude oil to come into their marketplace.
FORBES: Pipeline Politics: Keystone XL Vs. Green Fuelishness XXXL
Now, the landlocked crude in Cushing, Oklahoma will be delivered to the refiners in the Houston-area.
The report was welcomed by Chris Hunt, director general of the UK's Petroleum Industry Association, which represents refiners.
For five years oil refiners have been coining money, as capacity fell just a little short of demand.
Too many U.S. oil refineries, too little demand for gasoline, and plentiful imports from European refiners have killed profitability.
Refiners will start to pull down their inventory of winter gasoline well in advance of the May 1st deadline.
应用推荐