Catch a glimpse of what you missed from “Off to the Races: Shale Boom Creates Refinery Revival”
Up for Consideration: What steps must be taken to update existing refineries to meet the demands of the emerging energy marketplace?
The Skinny: Aging American oil refineries that were designed to process heavy-source, sour crude imports must modernize to accommodate the boom in light, sweet US shale crude — but it won’t be an easy undertaking.
What it Means: America’s refineries:
• Provide fuel
• Furnish enormous amounts of raw materials used in manufacturing
• Sustain hundreds of thousands of well-paying jobs
As an integral factor in the supply chain that keeps the US economy running, American refineries will have to keep up with the times. That means accommodating newer energy sources like shale.
The Take-Away: While many aging refineries can’t meet expanding production goals and stringent regulatory standards without costly modernization, making the switch to light, sweet oil has revitalized others to the tune of tremendous profits.
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