A $4 Gallon of Gasoline Could Easily Be Our Future Says World Energy Monthly Review.HOUSTON -- While gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by prices are already at near record levels and America's capacity shortfall continues to grow, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. see major refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar issues looming looming: see mirage. in the future; World Energy Monthly Review connects politics, the economy and hard energy facts. "The United States has not built a new refinery in almost 30 years...old equipment corrodes, fatigues and becomes prone to failure," says Professor Michael J. Economides. "The March 23 explosion at BP's Texas City refinery provides yet another reminder of the sorry state of the U.S. refining business." Although "twenty-five years ago, the U.S. had about 6 million barrels of excess refining capacity," he says, "today there is none." "Gasoline prices of $4 per gallon gallon: see English units of measurement. could become common in the not-too-distant future," says Professor Michael J. Economides about the effects of the United States' refining capacity shortfall. "If the Venezuelans sell Citgo, it could further exacerbate America's refining crisis," he says. "For the long run, something will have to give; gasoline consumption will have to be curtailed or the regulatory process must be streamlined and the environmental constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. must be toned down considerably." Energy is the most critical issue in the world today. Taking a global perspective, World Energy magazine has assembled a team of writers to provide insight into the depths of theses and other related issues, in its new publication World Energy Monthly Review. World Energy Monthly Review "is the country's most hard-hitting, myth-shattering energy news and analysis publication," said Professor Michael J. Economides. Coming in May, the new issue of World Energy Monthly Review asks: --Can tougher CAFE standards yield American energy independence? --Why isn't Russia dominating today's oil markets? --Who will pay YUKOS's $23 billion tax bill? --Will ChevronTexaco's purchase of Unocal lead to takeover mania Mania ancient Roman goddess of the dead. [Rom. Myth.: Zimmerman, 159] See : Death ? This highly anticipated newsletter features timely, in-depth analysis by Professor Economides, one of the most recognizable names in the energy industry, and articles by his team of analysts on the Americas, Russia, China and the rest of the world. To get your copy of World Energy Monthly Review, visit www.WorldEnergySource.com/WEMR |
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