SAN FRANCISCO – Crude oil prices may be at record highs, but they could very well go higher still – quite a bit higher. That was the message heard here last week by the refining industrys biggest trade group.
Speakers at the annual meeting of the National Petrochemical and Refiners Association told members that plenty of oil and other fossil fuels are available to meet the worlds growing energy needs. But they also argued that the ability to refine those fuels is being held back by environmental policies and other obstacles, creating a bottleneck that threatens the balance of energy markets.
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