Global Thermal Power Market to Reach $1 7 Trillion by 2027 – Padovanews padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
service. the refineries currently available to the u.s. right now are generally running at 90% utilization. you will hear that term referred to, utilization rates at refineries, which means most refineries in america are pumping close to or refining as much as they can. unless you have more refineries out there it is hard to put more fuel out there. with regard to the issue president biden brings up, the refinery mother-in-laws are getting wider and wider. but it is not because necessarily that refiners are physically taking oil and then selling them for a higher price. many of the profitability measures that the president is citing are due to financial contracts in the futures market. those are bid up by people like speculators and hedger as well. it is a very complicated issue. but the bottom line here is, unless there is a change to the overall paradigm or construct for energy in america, you are not going the see widespread relief until there is actually more refining capacity brou
economies around the world have reopened on the one hand, but on the other hand there s been a lack of investment in the oil patch in order to get more oil out of the ground. that lack of investment and finding new oil has meant that in the past year, there has been the smallest amount of new oil discoveries than at any time in the past 75 years. 4.7 billion barrels of new oil. that compares to 12.5 billion the year before and as we ve said, the smallest amount since 1946. also means that gas and oil pipelines are somewhat underused. utilization rates now at about 50%, that means about half of the nation s pipeline space is empty. ed, not good times in terms of oil exploration means not good prices at the gas pump. edward: yeah, those are just staggering. so, when will there be more
CVR Partners Reports Fourth Quarter and Full-Year 2020 Results globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.