Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

How does the United States meet its scarcity of refined petroleum products? What other approaches could it use?

Sagot :

asarenana1120

Answer:

Numerous statistics indicate positive trends in the midstream and downstream oil markets, led by the domestic petroleum refining industry [1]. Domestic capacity has expanded, and there is a robust product-import market. Increased refining efficiencies have moderated crude-oil price rises since the 1970s. Products have been reformulated to improve environmental performance.

Higher refining margins in recent years have led to planned capacity additions, domestically and internationally. Few if any new refineries are likely to be built in the United States, however. This is because (among other factors) the financial disadvantage of building from scratch versus incrementally expanding existing capacity, the issue of permits aside. In all, the price- and profit-driven market process is ably at work, promising to bring the issue of pricing petroleum products back again to the issue of the globally-set price of crude oil.

Explanation:

MiraculousAlejandra

How does the United States meet its scarcity of refined petroleum products?

Import from other countries.

What other approaches could it use?

  • Diplomacy.
  • External help.
  • Military force.

__________________________________________________

Numerous statistics indicate positive trends in the midstream and downstream oil markets, led by the domestic petroleum refining industry. Domestic capacity has expanded, and there is a robust product-import market. Increased refining efficiencies have moderated crude-oil price rises since the 1970s. Products have been reformulated to improve environmental performance.

Higher refining margins in recent years have led to planned capacity additions, domestically and internationally. Few if any new refineries are likely to be built in the United States, however. This is because (among other factors) the financial disadvantage of building from scratch versus incrementally expanding existing capacity, the issue of permits aside. In all, the price- and profit-driven market process is ably at work, promising to bring the issue of pricing petroleum products back again to the issue of the globally-set price of crude oil.

__________________________________________________

                                       [tex]MiraculousAlejandra[/tex]

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.