首页> 美国政府科技报告 >Expected Impact on Gulf Coast and Midwestern Residual Fuel Oil Markets of Proposed Changes to the Entitlements Program Affecting the East Coast Residual Fuel Oil Market. Analysis Memorandum.
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Expected Impact on Gulf Coast and Midwestern Residual Fuel Oil Markets of Proposed Changes to the Entitlements Program Affecting the East Coast Residual Fuel Oil Market. Analysis Memorandum.

机译:预计对墨西哥湾沿岸和中西部剩余燃料油市场影响东部沿海剩余燃料油市场的权利计划变更的影响。分析备忘录。

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This analysis memorandum evaluates the impact on Midwestern and Gulf Coast residual fuel oil markets of a proposed rulemaking which would alter the Entitlements Program (Domestic Crude Oil Allocation Program) as it affects the East Coast residual fuel oil market. The memorandum is being prepared at the request of the Economic Regulatory Administration (ERA). If the East Coast, Midwest, and Gulf Coast markets for residual fuel were interconnected, the regulatory changes which occurred in April 1976 should have resulted in increased residual fuel oil (resid) shipments to the Midwest from the Gulf Coast and a reduction in Midwestern prices. Examination of the impact of those changes may provide evidence on the degree of interconnection among the three areas. By some measures, shipments of resid from the Gulf Coast to the Midwest actually declined, while other measures show the expected increases. In conjunction with patterns of local production and the trends in interregional and import shipments, the data make it difficult to determine whether the Midwestern region constitutes a separate or related marketing area for residual oil relative to the East Coast and Gulf Coast. Even if the markets are interrelated, however, the impact of the proposed rulemaking on prices and quantities of residual fuel in hhe Midwest is ambiguous. Elimination of the reverse entitlement penalty on shipments over 5000 barrels/day into the East Coast should tend to reduce shipments into the Midwest; on the hand, extending a full entitlement to imports into the East Coast would tend to lower prices in the East Coast Market and make the Midwest more attractive to Gulf Coast shippers. Due to these offsetting factors, it is difficult to predict whether Midwestern resid prices would rise or fall. (ERA citation 05:013063)

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