Refineries Along with Chemicals and Plastics Plants Invest Heavily in U.S./Take Advantage of Shale Natural Gas, Business and Industry Trends Analysis

The soaring output of both crude oil and natural gas from U.S. fields is having a profound effect on American industry in many ways.  One of the most obvious changes is the immense amount of investment and construction underway in the petrochemicals industry-intense Gulf Coast region. Refineries:  U.S. refineries have modernized and expanded to a massive degree over recent years.  The last time a new refinery was opened in America was 1976.  That’s not to say that refining capacity hasn’t changed—in fact, while many refineries have closed, the 135 remaining operable refineries have added significant capacity.  With the boom in…

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