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Refining Capacity Fact Sheet - Oct05
Refining Capacity Fact Sheet - Oct05
At the end of 2003, Valero completed an expansion of its Texas City refinery,
boosting capacity from 165,000 bpd to 243,000 bpd.viii
Citgo added more than 105,000 bpd to its crude processing capacity at its Lake
Charles (LA) refinery in April of this year.ix (So far, the company has reported
only minor damage at its Lake Charles refinery from Hurricane Rita).
Marathon Ashland will increase crude processing capacity from 74,000 bpd to
100,000 bpd by the end of this year at its Detroit refinery.x
Marathon Ashland will also increase its refinery's crude throughput capacity by
180,000 bpd to 425,000 bpd in Garyville, LA.xi
Valeros Port Arthur, TX facility is in the middle of an expansion that is expected
to boost capacity by 75,000 bpd.xii
Chevron received permits in June of this year to increase production 25% at its
Pascagoula (MS) refinery by about 75,000 bpd.xiii
Suncor expects to complete expansion of its Denver refinery in 2006, integrating
10,000 to 15,000 bpd of crude from oil sands into the process.xiv
Flint Hill Resources has announced plans to increase crude oil processing by
50,000 barrels per day at its Minnesota refinery by the summer of 2007.xv
At least three Montana refineries are investing in coker projects to expand
capacity.xvi
Tesoro Refining is adding a coker to boost output at its Anacortes refinery.xvii
Even smaller refineries are announcing expansion plans. Frontier Oil secured
permits to add 6,000 bpd of new capacity to its Cheyenne refinery in Wyoming,
$89 billion
$60.7 billion
$53 billion
$31 billion
$20 billion
Since June of 2005, three oil companies have announced two for one stock splits.
Conoco Phillips
June 1, 2005
Sunoco
July 7, 2005
Valero
Tesoros stock price has tripled in the last year. Sunoco claimed record earnings in
its 2004 annual report to stockholders. Citgo paid out a $400 million dividend to its
shareholders earlier this year. Reports by these and other refiners acknowledge the
record margins that refiners have enjoyed over the past two years, as oil and gas prices
have increased.
Data shows that African Americans and Hispanics suffer from some of the
highest rates of environmentally triggered diseases, including asthma. Further,
these same communities have the highest rates of health uninsurance, making it
more difficult for them to treat and overcome these ailments.xxv Marcela Urrutia,
Senior Health Policy Analyst. National Council of La Razathe largest national
constituency based Hispanic civil rights organization in the country.
In 2002, more than 207,000 children went to schools within a two-mile radius of a
chemical plant or a refinery in Texas. In one year, 139 industrial facilities near
Texas schools exposed children to 43.4 million pounds of toxic pollutants.xxvi
Air pollution costs Americans $10 to $200 billion a year. Asthma and air pollution
are linked. Asthma alone cost Americans over $14.5 billion in 2000. Asthma
accounts for more than 10 million lost school days, 1.2 million emergency room
visits, 15 million outpatient visits, and over 500,000 hospitalizations each year.
African Americans and Latino are almost three times more likely than whites to
die from asthma. The hospitalization rate for African Americans and Latinos is 3
to 4 times the rate for whites.xxvii
Testimony of Red Cavaney, President, American Petroleum Institute before the House Energy and Commerce
Subcommittee on Energy and Air Quality. July 28, 2004
ii
Nelson Schwartz, Is Dick Cheney the New Hillary? Fortune, June 11, 2001, at 37. See also Alexei Barrionuevo, ExxonMobil CEO Doubts Anyone Would Build US Refinery, Dow Jones News Service (May 30, 2001) (citing Exxon Mobils
chairman and chief executive for the statement that no oil company was prepared to build a new refinery because they could
make money from doing so).
iii
2005 Annual Energy Outlook. See Energy Information Agency website (www.eia.doe.gov).
iv
See Foundation for Taxpayer and Consumer Rights website (www.corporatewatchdog.org)
v
EPA, New Source Review: Report to the President (June 13, 2002), at 1.
vi
See Energy Information Agency website (http://www.eia.doe.gov/emeu/aer/txt/ptb0508.html)
vii
See My West Texas website (www.mywesttexas.com/site/news.cfm?newsid=15073025&BRD=2288&PAG=461)
viii
Statement made by Valero CEO Bill Klesse at Sept. 7, 2005 Energy Conference.
ix
Citgo press release, April 21, 2005.
x
See Marathon Ashland website (www.mapllc.com).
xi
See Marathon Ashland website (http://www.marathon.com/News_Center/Press_Releases/2005_News_Releases/?
releaseid=774046)
xii
Statement made by Valero CEO Bill Klesse at Sept. 7, 2005 Energy Conference.
xiii
See Sun Herald website (www.sunherald.com) Sept. 2, 2005.
xiv
See Suncor website (www.suncor.com/links_popup.aspx?ID=2393).
xv
See Flint Hills Resources website (www.fhr.com/newsroom/news_detail.aspx?id=117).
xvi
Minneapolis St. Paul Business Journal. July 13, 2005.
xvii
Presentation by Bruce Smith, President and CEO, at Lehman Bros. 19th Annual CEO Energy/Power conference. Sept. 8,
2005.
xviii
PR newswire. July 25, 2005.
xix
Gas Profit Guzzlers. Just Blum. Washington Post. Sept. 25, 2005. See website (http://www.washingtonpost.com/wpdyn/content/article/2005/09/24/AR2005092400253.html)
xx
Presentation by Bill Klesse at Lehman Bros. 19th Annual CEO Energy/Power conference. Sept. 7, 2005.
xxi
See Public Citizen website (http://www.citizen.org/cmep/energy_enviro_nuclear/articles.cfm?ID=13912)
xxii
Available on file at EIP.
xxiii
Available on file at EIP.
xxiv
See Environmental Justice Resource Center website (http://www.ejrc.cau.edu/NBEJNEJFS.html)
xxv
La Raza letter to Congressman Joe Barton. June 16, 2004
xxvi
See Public Citizen website (http://www.citizen.org/documents/Industrial%20Upset%20Pollution_Who%20pays%20the
%20price_2%20Aug%202005.pdf)
xxvii
See Environmental Justice Resource Center website (http://www.ejrc.cau.edu/NBEJNEJFS.html)