www.tdiclub.com

Economy - Longevity - Performance
The #1 Source of TDI Information on the Web!
Forums Articles Links Meets
Orders TDI Club Cards TDIFest 2016 Gone, but not forgotten VAG-Com List Unit Conversions TDIClub Chat Thank You




Go Back   TDIClub Forums > VW TDI Discussion Areas > TDI (Diesel) Emissions

TDI (Diesel) Emissions This is a discussion about emissions from TDI's. Pro's cons of Diesels (including biodiesel) effects on the environment and how they compare to Gasoline and other fuel sources for Internal combustion engines.

Reply
 
Thread Tools
Old February 2nd, 2001, 10:37   #1
Sun Baked GL
Veteran Member
 
Join Date: Jun 2000
Location: Furnace Valley, AZ
Default WSJ - New EPA Rules May Fuel Profits

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>February 2, 2001 - http://interactive.wsj.com/articles/...0502698817.htm

Heard on the Street
New EPA Rules May Fuel Refiners' Profits

By PETER A. MCKAY, Staff Reporter of THE WALL STREET JOURNAL

Consumers fumed last summer as retail gasoline prices soared, particularly in the Midwest, partly due to new federal environmental rules requiring fuel additives. A new wave of regulations may produce similar angst among motorists this summer -- but investors in certain fuel refiners could be driving home bigger profits to offset the pain.

The new Environmental Protection Agency rules are aimed at reducing sulfur content, and refiners have been complaining that their implementation will force expensive refinery upgrades or closures of ones that don't justify the cost of upgrading. Last month, Premcor Inc. cited the new rules in closing a plant in Blue Island, Ill., signaling what may be the start of a spate of similar shutdowns that would reduce gasoline supplies, driving up consumer fuel costs, according to analysts and investors.



But for investors, the good news is that such shutdowns could also drive up refining companies' profits. That's because the new low-sulfur refineries aren't expected to come on line as quickly as the old ones go off, analysts say. So if, as some expect, refining capacity falls, creating a supply crunch, refiners could enjoy higher prices for their products -- even as some may publicly fret over the difficulty of keeping their refineries open under the stiffer rules. Possible beneficiaries include BP Amoco, Tosco, Sunoco and Ultramar Diamond Shamrock.

"A lot of companies are just coming through, doing the engineering work on their refineries to see what they will cost to improve. But they're not going to find a pretty picture in terms of the expense, if they haven't already," says Andrew C. Fairbanks, an analyst at Merrill Lynch who wrote a recent report on refiners. "The Blue Island closure is the first unequivocal casualty of this trend."

That announcement, he adds, "reinforces our view that the EPA's new clean-fuels regulations will prove to be a positive for better profitability in the U.S. refining industry," with the largest impact on Midwest refiners such as Ashland, Tosco and Sunoco. "We think it is now even more likely that refining margins and company earnings will meet or exceed our estimates in 2001."

read more
<HR></BLOCKQUOTE>

[This message has been edited by Sun Baked GL (edited February 02, 2001).]
Sun Baked GL is offline   Reply With Quote
Old February 2nd, 2001, 11:00   #2
BRBarian
Veteran Member
 
Join Date: Nov 2000
Location: Chevy Chase, MD, USA
Default Re: WSJ - New EPA Rules May Fuel Profits

So why then is the oil industry fighting this so hard? Why the lawsuit? Is it to generate a bargaining chit that they'll use to gain something else?
BRBarian is offline   Reply With Quote
Old February 2nd, 2001, 11:33   #3
SkyPup
Guest
 
Default Re: WSJ - New EPA Rules May Fuel Profits

I saw that and it isn't any eye opener, if you go back originally to the Clean Air Act and look at what these EXACT same players were screaming about when they were forced to hydrotreat the cracker and coker fraction to bring the sulphur levels down below 500ppm from the 3,000+ levels they were spewing out, you see the EXACT same game being played.

Look back at some of the publications from 10 years ago, the story line is the same. The profits are the name of the game, hook, line, and sinker. If you want to follow the future, follow the $$$$$ trail.

I posted some links to this information here on this forum earlier, it is deja vu
  Reply With Quote
Old February 2nd, 2001, 15:17   #4
SoTxBill
Veteran Member
 
Join Date: Dec 2000
Location: its not the base, its the additives!!
Default Re: WSJ - New EPA Rules May Fuel Profits

BB,

as for the refiners,,the guys who have the newer plants are happy, the low ball guys (the little guys who charged less)with the older plants are squawking...

as for the truckers and ORT industry, they see higher prices due to lack of production capabilities and are squawking..

since virtually everything in the US is dependant on the cost of diesel,, the consumers will be squawking

this will raise the cost of all goods and trigger the next round of inflation..

home heating oil will go up even more

all the power plants in california w shut down permanently.

all of the fixed income ole farts will fall behind and not make payments.

the banks will call their loans and start another banking scandel due to real estate losses.

the world will be driven into a 10 year recession.

the japanese will forclose on all the land in california..

hollywood will be reposessed

we will all have to watch re-runs of friends for the rest of our lives.

it would seem only the eviromentalists, tdi fans, and the few refiners with the newer high sulpher capable plants will be happy.

yes if you happened to recently built a brand new 300 billion dollar high sulpher handleing plant, you will be able to pay it off in 2 years instead of 20 years and become very rich due to out rageous demand.

diesel will be $20 a gallon .. that's if you can get it..

wow! must have ate something really bad for lunch..
SoTxBill is offline   Reply With Quote
Old February 6th, 2001, 01:26   #5
cars wanted
Veteran Member
 
Join Date: Jul 1999
Location: Rockville, Maryland U.S.A.
Fuel Economy: 65/45/38
Default Re: WSJ - New EPA Rules May Fuel Profits

$20 diesel? No Way! Biodiesel would be way less expen$ive than that! What shortages there may (will) be would be due entirely to the nasty stubborness of non-compliant refiners. After all, there is no rule that prohibits the manufacture and sale of improved, cleaner fuels before they are required by law.
cars wanted is offline   Reply With Quote
Old February 6th, 2001, 01:45   #6
SkyPup
Guest
 
Default Re: WSJ - New EPA Rules May Fuel Profits

read the Wall Street Journal today, Phillips Petroleum is buying out TOSCO lock stock and barrel for $8 billion+ in stock swap premium to book value. Oil analysts caught totally with their pants down that Phillips is going whole hog into the upper end refiner market when the yearly returns for the past decade has been single digit at best when nothing has blown up or gone down the tubes.

Reason is, Phillips smells a nice profit for its shareholders in the primo market for primo fuels. Looks like they will be locking in a quickly appreciating assest for the next ten years or so too.

Smart move!
  Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -7. The time now is 11:22.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Copyright - TDIClub Online LTD - 2017
Contact Us | Privacy Statement | Forum Rules | Disclaimer
TDIClub Online Ltd (TDIClub.com) is not affiliated with the VWoA or VWAG and is supported by contributions from viewers like you.
1996 - 2017, All Rights Reserved
Page generated in 0.16451 seconds with 10 queries
[Output: 69.49 Kb. compressed to 60.89 Kb. by saving 8.59 Kb. (12.37%)]