[PDF] The Socio Economic Effects Of Air Environmental Regulations On The Us Petroleum Refining Industry eBook

Author : Lee Alexandria Fuerst
Publisher :
Page : 322 pages
File Size : 48,60 MB
Release : 1999
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ISBN :

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The purpose of this thesis is to exemplify the social and economic effects of environmental air regulations as related to petroleum refiners. The Clean Air Act, and subsequent amendments, have had a major impact in the petroleum refining industry. Likewise, the global climate change regulations have the potential for just as great an impact. The impacts have resulted in beneficial outcomes; reduced emissions, cleaner air, more efficient equipment, and even economic benefits through recovery systems. However, companies have spent billions in capital expenditures to adhere to the Clean Air Act and its' Amendments. The major conclusions of this paper are: Regulations should be thoroughly researched before implementation; Regulations should be based on sound science; Economic evaluations using all available financial assessment criteria resulting in a comprehensive analysis should be used; Government officials, industry organizations, and petroleum refiners should work together to determine a particular regulation's feasibility and consequential social and economic effects. As illustrated throughout this paper, regulations are needed but some have been, or are proposed to be, implemented before enough scientific research has taken place. The concept of scientific validation coupled with economics balancing has a prevalent undertone throughout the industry on any legislation. Air regulations are a social and economic issue. The social part consists of industry's role in improving the environment and refinery process, with public interests (and image) upfront. At the same time, these issues need to be economically worthwhile. This paper discusses the socioeconomic effects of environmental air regulations on the United States Petroleum Refining Industry.

Author :
Publisher :
Page : 58 pages
File Size : 14,79 MB
Release : 1989
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ISBN :

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Numerous air pollution regulations affecting petroleum refineries recently have been promulgated, have been proposed, or are under consideration at the federal, state, and local level. As shown in Figure ES-1, all of these environmental regulations are intended to take effect over the relatively short time period from 1989 through 1995. In the aggregate these regulatory activities have significant implications for the US refining industry and the Nation, including: Major investment requirements; changes in industry profitability; potential closure of some refineries; and potential changes in crude oil or product import dependence. At issue is whether the cumulative effect of these regulations could so adversely affect the US refining industry that US national security would be affected. In addition to the regulations outlined in Figure ES-1, President Bush recently presented a major new plan to improve the nation's air quality. The aspects of the President's plan that could strongly affect US refineries are summarized below.

Author : Barry Leonard
Publisher :
Page : 200 pages
File Size : 13,89 MB
Release : 1998-10-01
Category :
ISBN : 9780788172991

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Discusses the potential effects of new environmental regulations under consideration that could affect the petroleum industry's contributions to the economy -- reducing investment in capacity and new technologies, making domestic refiners less competitive in the global marketplace, increasing imports of refined products, increasing consumer prices for products such as gasoline and heating oil, and reducing industry employment. Contents: current environmental requirements; future requirements on refining industry; and future requirements on transportation and marketing industry. Extensive appendices detail cost development models.

Author : Shanthi Nataraj
Publisher : Rand Corporation
Page : 119 pages
File Size : 11,99 MB
Release : 2013-12-20
Category : History
ISBN : 0833083996

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This report assesses what evidence exists for the ways in which local air quality could influence local economic growth and how those effects might be relevant to the Pittsburgh region.

Author :
Publisher :
Page : 63 pages
File Size : 41,43 MB
Release : 1989
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The Administration has recently submitted a Clean Air Act Bill to Congress which would significantly modify the regulatory treatment of industrial hazardous air pollutants (air toxics). The adverse economic impacts of this legislation on the petroleum refining industry could be substantial. Depending on how EPA interprets the legislative language, the capital costs of compliance for the proposed bill could range from $1.3 to $15.0 billion. At the upper end of the range, costs of this order of magnitude would be over 2.5 times larger than the combined estimated cost of EPAs gasoline volatility (RVP) regulations and the proposed diesel sulfur content regulations. Potential compliance costs could be as much as $0.40 per barrel processed for large, complex refineries and as much as $0.50 per barrel for some small, simple refineries. For perspective, total refining costs, including a normal return on investment, are $4--5 per barrel. Because foreign refineries supplying the US will not be affected by the US air toxics regulations, US refineries may not be able to raise prices sufficiently to recover their compliance costs. For this reason, the air toxic legislation may put US refineries at an economic disadvantage relative to foreign competitors. Even under the best petroleum product market conditions, costs of $0.40 to $0.50 per barrel processed could reduce US Gulf refiner cash operating margins by as much as 29 percent. Under less favorable market conditions, such as the mid-80's when refiners were losing money, the hazardous air pollutant regulations could greatly increase US refiner operating losses and potentially lead to closure of some marginal refineries.

Author : John F. McEldowney
Publisher :
Page : 0 pages
File Size : 32,61 MB
Release : 2014
Category : Environmental law
ISBN : 9780857938206

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Featuring an original introduction by the editors, this important collection of essays explores the main issues surrounding the regulation of the environment. The expert contributors illustrate that regulating the environment in the UK is conceptually complex, involves a diverse range of institutions, techniques and methodologies and crosses geographical and national boundaries. In the USA it is more formalised, juridical, adversarial and formally dependent upon legal rules. The articles highlight the fact that despite differences in the UK and the USA's regulatory styles, environmental regulation today has much in common with both traditions.

Author : Jessica Lincoln-Oswalt
Publisher :
Page : 0 pages
File Size : 23,45 MB
Release : 2011
Category : Air
ISBN : 9781614707240

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The authorities and responsibilities of the Environmental Protection Agency (EPA) derive primarily from a dozen major environmental statutes. This book provides a concise summary of one of those statutes, the Clean Air Act. It provides a brief history of federal involvement in air quality regulation and of the provisions added by legislation in 1970, 1977 and 1990. It also explains major authorities contained in the Act as well as key terms and references for more detailed information on the Act and its implementation.