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.  As of early 2019, there were 135 operable refineries in America.  With the boom in shale oil, total capacity at U.S. refineries has been growing steadily thanks to investments made at existing plants.  U.S. refinery capacity was 18.80 million barrels…

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