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"Clearly, we need to take a tougher stance against companies tied to Iran's refined petroleum capacity," said Senator Kirsten Gillibrand, Democrat of New York, who has been pushing for hearings on companies that do business in Iran.
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With petroleum refinery capacity tight, profit margins soared for independent refiners, and the Howard Weil Bloomberg index of those stocks gained 37percentt.
The offshore areas produce about 1.3 million barrels of crude oil per day, which amounts to ~23% of the total US production, while the onshore areas account for 40% of total petroleum refining capacity (http://www.eia.gov).
These industries in Houston and the Bay Area account for nearly half of the U.S. petrochemical manufacturing and approximately one third of the U.S. petroleum refining capacity.
He points to the tightness in markets for oil rigs, tankers, petroleum engineers, refinery capacity and various other bits of the oil value chain, and concludes that the problem is systemic: "The illusion that oil is in perennial oversupply has led to two decades of underinvestment in the oil industry.
Because successive governments there have failed to develop sufficient domestic oil refining capacity, Nigerian waters are full of tankers exporting crude oil and importing refined petroleum that are vulnerable to attack, says BBC international development correspondent Mark Doyle.
The ever-increasing number and production capacity of petroleum refineries in recent years have intensified the need for developing an effective and practical method for treating their wastewaters.
Petroleum dependence has as much capacity suddenly to limit expansion as it has had in allowing expansion.
But over the weekend rebels bombed the country's largest refinery, reducing the refinery's capacity to refine petroleum products by 75,000 barrels a day.
In the United States, the conventional practice for the petroleum industry is to measure capacity by volume and to use the English system of measurement.
Tenants include Global Partners LP which has a petroleum distillates terminal with a capacity of 738000 oilbbl.
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CEO of Professional Science Editing for Scientists @ prosciediting.com