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US East Coast oil refineries enjoy a stirring comeback
By Katharine Fraser, May 17, 2013, Platts.com
Alarm bells rang along the US Eastern Seaboard not too long ago that the region would face fuel shortages due to refinery closures in the region, but the dynamics changed with the entrance of some new players as well as domestic crude supply via rail from the Bakken Shale play. The region is study in contrasts in a matter of a few short years.
US biofuels advocates aim to raise profile with tax break debate
By Katharine Fraser, June 22, 2012, Platts.com
You know you have arrived if a Saudi oil minister and a UN official talk about your relevance or prevalence, right? In the past couple of weeks, renewables and biofuels have been on the tongues of such dignitaries, perhaps signaling they may be emerging from being seen as insignificant. But there’s a move afoot to alter the US tax code to boost renewables further.
In charting path to White House, rising US energy production hard to ignore
By Katharine Fraser, November 3, 2011, Platts.com
It would seem Republicans seeking election to the White House are looking to ride the coattails of the US oil and gas industry. Former Massachusetts Gov. Mitt Romney and current Texas Gov. Rick Perry are both saying the US needs to boost oil and gas production and the Obama administration needs to get regulations out of industry’s way for that. But, does the industry need the help of the politicians as much as the politicians may need help from, or want to hitch a ride with a resurgent industry?
Market temperature: new normal or still at risk for high heat?
By Katharine Fraser, February 9, 2010, Platts.com
In the post-financial crisis world, what is the new normal? Without looking back at the trash heap of financial disaster history or forecasting, let’s attempt to take the temperature of the current environment. This past Friday, crude futures trading volumes on both CME and ICE hit record highs and traded in $4-plus ranges with lows under $70/barrel on a day when the Dow Jones Industrial Average fell below 10,000 — a comfort zone equities seem to have clung to after climbing out of the abyss of the recession’s deepest trough.
BP Texas City disaster case: judge found punishment fit the crime
By Katharine Fraser, March 18, 2009, Platts.com
Over the objections of victims, a federal judge late last week agreed with criminal prosecutors that a $50 million fine levied on BP in its plea bargain over the fatal disaster in 2005 at its Texas City, Texas, refinery was the amount that fit the bill. The victims — including some who were engulfed in explosions at the 475,000 b/d refinery, and others who are survivors of the people who died trapped in work trailers — deemed the $50 million fine incompatible with the magnitude of the disaster. But the judge held that the punishment should correlate with the cause of the accident as it was framed in the criminal plea, which was limited to charges directly involving the catastrophic startup of an octane-boosting isomerization unit.
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