Exact(2)
Mix this with about a dozen leaks that Keystone I has had in a single year, extremely high refining costs, and a route that puts American food and water supplies at increased risk, and it's hard to find a reason to like Keystone XL.
By year's end, record high refining margins should allow the combined companies to accumulate $2 billion in cash.
Similar(58)
The company's refining and marketing business reported earnings of $1.15 billion after a loss a year ago, driven by higher refining margins.
Three of the nation's oil giants said yesterday that their fourth-quarter earnings soared, helped by strong prices for crude oil and natural gas and higher refining margins.
Earnings this quarter were boosted by higher oil and gas prices and higher refining profit margins.
Merrill Lynch said a "likely tight inventory environment" will support higher refining margins in the intermediate-term.
Earnings from refining and marketing climbed 37% to $3.4 billion, a result aided, the company said, by higher refining and marketing margins and the sale of a German refinery.
"Looking ahead, higher refining volumes in fast-growing international markets, expansion into new regions and an improved product mix should bolster results".
The number of so-called boutique fuels special gasoline blends required in different parts of the country, which add immensely to gas prices because of higher refining costs and shipping restrictions would be cut from 17 to 6.
Back in April, Exxon reported first-quarter net income surging 10.7%, as a decrease in crude oil and natural gas prices were offset by higher refining, marketing and chemical margins.
The linear model suggests that higher sugar yields will occur at higher refining energy and enzyme loadings.
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