A Rising Tide of Product Imports May Derail a Potential Recovery for US Refineries

摘要

We live in the midst of a rapidly changing world. Like it or not, led by the tremendous expansions in China and India, the world's economic and geopolitical focus is shifting from the Atlantic Basin to the countries of the Pacific Basin. These changes are leading to significant shifts in oil demand and global refining capacity, which have important implications for both the United States (U.S.) and European refining industries.