Since I work for a company that designs and manufactures mass transfer equipment I love it when oil is 100 plus a bbl and gas it over 3 bucks a gallon. In turn, they will spend money to upgrade/increase capacity at their refineries. The average US refinery likely processes about 150K bbl a day. BTW, most run at 90 plus % of thru put. Also, does not mean the 150K is all processed to make gas. If a refinery can make 5-7% margins that are happy. However, with any large increase in price "2007" you will eventually have a large downfall in price "2009."
|