US Refiners in Grim Mood as They Seek to Survive ‘Worst of Times’

摘要

Just three years after “the best of times,” the US refining industry is now scuffling through “the worst of times,” beset by the economic downturn, the expansion of biofu-els, a glut of worldwide processing capacity and harsh federal and state policies. National Petrochemical and Refiners Association (NPRA) President Charles Drevna used the famous Charles Dickens lines in opening the group’s 108th annual meeting in Phoenix on Monday. Drevna and other refining executives described an industry facing major challenges in the coming years.