Download PDF by A. L. Zenfora: Encyclopedia of Energy Research and Policy

By A. L. Zenfora

ISBN-10: 1613245440

ISBN-13: 9781613245446

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Similarly, OECD exports increased from about 55 million to over 140 million barrels per month over the same time period. While OECD exports and imports in these products have more than doubled, OECD demand for these products rose by less than 40 percent during the same time period. [9] Trade in gasoline has been particularly important for the United States, which has seen large increases in the volume of imported gasoline. S. S. daily consumption. S. [11] These “total gasoline” imports include finished gasoline, which can be sold directly to retail markets, as well as gasoline blending components that are combined in the United States to make finished gasoline to serve various markets, some of which use special, cleaner-burning gasoline blends as part of their plans to meet federal air quality requirements.

S. agencies regulate and monitor the downstream and midstream oil industry and petroleum product markets. S. demand, driven by growing consumption of crude oil and certain petroleum products in developing countries such as China and India. In 2006, the United States’ share of world oil consumption was approximately 25 percent. The EIA projects in its reference, or “baseline,” scenario that world oil consumption will continue to grow and will reach 118 million barrels per day in 2030. About 43 percent of this growth will come from non-OECD countries, particularly China and India, but the United States will remain the world’s largest consumer.

Similarly, in response to environmental regulations such as limits on the emissions of certain air pollutants refineries have invested in equipment and processes to control such emissions. [4] Last, to the extent that varying amounts of biofuels blended with gasoline and diesel require changes to the gasoline and fuel blendstocks, further refinery changes may be required to accommodate these blends. Shifting demand for petroleum products, such as Europe’s declining demand for gasoline and growing consumption of diesel, can also cause refiners to invest in different processes to produce the mix of products desired by the market.

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Encyclopedia of Energy Research and Policy by A. L. Zenfora

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