08/27/08
“US Could Become Net Exporter While Demand For Gasoline Falls”
An August 27 article in the Financial Times featured a new Booz & Company report that analyzes scenarios in which the U.S. could soon become a net exporter of gasoline, given shifts in demand, biofuel mandates and growth in alternative vehicle technology. Also citing increased refining capacity, the article quotes the Booz report: “It has opened up the possibility that the US will become long in gasoline (a net exporter rather than a net importer)… This is particularly likely if demand is reduced by an economic slowdown or a recession.” The article also mentions demand increases in emerging economies as contributing to the changing landscape for refiners.