Preview from a Forthcoming EPRINC Report
Download Document PDF (Include citations)
Download Accompanying Powerpoint Presentation (PDF format)
Rising production of domestic unconventional oil and gas production, alongside steadily growing Canadian oil sands shipments to American refiners, provides the U.S. economy with the potential for a sustained renaissance in the production of refined petroleum products. As early as 2016, U.S. and Canadian combined oil production, largely from technological advances in developing new unconventional resources, are likely to raise North American liquids output by 3 million barrels/day (b/d) above 2011 levels. Water borne crude oil imports into the North American continent likely will fall to 4 million b/d by 2016.
The upstream production gains provide an opportunity for stable earnings for U.S. refiners and higher production of the entire range of petroleum products, including gasoline, jet fuel, diesel, and the large array of products produced from crude oil and natural gas liquids. In the U.S. Gulf coast the leading edge of this renaissance is already here Read More >>>