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Authors: GAO 
Book Description:
To better understand how changes in domestic and international
petroleum products markets have affected prices, this book evaluates 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. This is an excerpted and indexed version.

Table of Contents:
Preface

Chapter 1. Energy Markets: Increasing Globaliztion of Petroleun Products Markets, Tighteing Refining Demands and Supply Balance and Other Trends have Implications for U.S. Enegry Supply, Prices and Price Volatility, pp. 1-19

Chapter 2. Petroleum Products Markets Have Become Increasingly Global
with Greater Trade and Prices Increasingly Linked across
Countries , pp. 21-28

Chapter 3. 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 , pp. 29-40

Chapter 4. Domestic and OECD Inventories of Petroleum Products and Crude Oil Have Declined Relative to Demand, with Mixed Effects on
Prices and Price Volatility , pp. 41-48

Chapter 5. 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 , pp. 49-57

Chapter 6. Conclusions , pp. 59-60

Chapter 7. Recommendations for Executive Action , pp. 61-62



Appendix I. Scope and Methodology , pp. 63-66

Appendix II. Comments from the Department of Energy , pp. 67

Appendix III. Comments from the Federal Energy Regulatory
Commission , pp. 69-70

References
Index

   Binding: Hardcover
   Pub. Date: 2008
   ISBN: 978-1-60456-507-2
   Status: AV
  
Status Code Description
AN Announcing
FM Formatting
PP Page Proofs
FP Final Production
EP Editorial Production
PR At Prepress
AP At Press
AV Available
  
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