Overview

To better understand how changes in domestic and international petroleum products markets have affected prices, this book evaluated trends in: (1) the international trade of petroleum products, (2) refining capacity and intensity of refining capacity use internationally and in the United States, (3) international and domestic crude oil and petroleum product inventories, and (4) domestic petroleum supply infrastructure.

Full Product Details

Author:   Government Accountability Office
Publisher:   Nova Science Publishers Inc
Imprint:   Nova Science Publishers Inc
Dimensions:   Width: 21.50cm , Height: 1.30cm , Length: 14.00cm
Weight:   0.238kg
ISBN:  

9781604565072

ISBN 10:   1604565071
Pages:   81
Publication Date:   01 October 2008
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Out of stock  
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Table of Contents

Preface; Letter; Results in Brief; Background; Petroleum Products Markets Have Become Increasingly Global with Greater Trade and Prices Increasingly Linked across Countries; Global and Domestic Refining Capacity Have Not Kept Pace with Demand, Leading to Tight Demand and Supply Balance and Recently Contributing to Higher Petroleum Product Prices; Domestic and OECD Inventories of Petroleum Products and Crude Oil Have Declined Relative to Demand, with Mixed Effects on Prices and Price Volatility; U.S. Supply Infrastructure Is Constrained in Key Areas and Likely to Become Increasingly Constrained, Thereby Increasing Prices and Price Volatility unless Timely Investments Are Made; Conclusions; Recommendations for Executive Action; Agency Comments and Our Evaluation; Index.

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