[Tapping the reserve is] ordspråk

[Tapping the reserve is] not going to make up for the lack of refining capacity, ... but if there is just a problem with oil production in the gulf and not a refining problem, then releasing oil for the reserve will be very helpful.

It's all very well releasing a little bit of extra oil, but the other problem is logistics with refining. Refining capacity is under serious pressure in the South of the U.S., and extra supply isn't going to alleviate the refinery shortage.

The hurricane created a crisis, but the roots of the problem are much deeper than that. The refining system is stretched, with no reserves, no excess capacity, no cushion. The fundamental problem is that we depend on oil companies that dislike the refining business because of historically low returns but whose deficit can produce an economic, social and political crisis.

The problem is not lack of oil supply. It's lack of oil refining capacity, ... You can give me all the oil you want, but our cars do not run on crude oil.

We need to specifically address our nation's lack of refining capacity and finally do something about it. Hurricane Katrina has further underscored the fact that our refining capacity is inadequate.

The lack of refining capacity in the United States is a long- standing problem and urgently needs solving,

Wolfgang Clement (1940-)

If you've got a loss in refining capacity even if you released oil from the Petroleum Reserve, the fear is that it doesn't have any place to go.

Two-thirds of Gulf of Mexico production and nearly 10 percent of U.S. refining capacity remained shut in

Crude is not the problem. The heart of the problem is how much refining capacity we have lost,

Crude is not the problem. The heart of the problem is how much refining capacity we have lost.

Continued demand growth and a high rate of capacity utilization for production and refining drove crude prices and refining margins to very high levels in the second quarter of 2005,

Thierry Desmarest

The real fear is an extended outage. We have notable capacity reductions in the U.S. Gulf Coast production, refining and distribution system.

Representative Barton's legislation rolls out the red carpet for oil company profiteers who have intentionally reduced refining capacity to pump up profits to world record levels, ... Since deregulation in 1982, oil consumption has increased 33 percent, but oil companies have reduced refining capacity by about 10 percent. The answer is not more carrots for the industry, like gutting environmental laws and immunizing companies for the harm they cause, but sticks such as forcing companies to invest in beefing up refining capacity when it is needed. We need supply side regulation, not more supply side economics.

U.S. refineries prefer a lighter grade of crude than OPEC can add right now. The big problem is the refining issue. Now with another storm threatening the Gulf, and the half the Gulf that avoided Katrina, it has traders spooked this morning. We really don't need another storm near the producing areas at all.

U.S. refineries prefer a lighter grade of crude than OPEC can add right now, ... The big problem is the refining issue. Now with another storm threatening the Gulf, and the half the Gulf that avoided Katrina, it has traders spooked this morning. We really don't need another storm near the producing areas at all.

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