Total refined product sales slipped 4.5% from a year ago, which suggests higher energy prices are being met by resistance as demand contracts.
Refined product sales were down 58, 000 barrels a day in the fourth quarter, at 1.3 million barrels, due to lower gasoline and jet fuel sales.
The Atlantic hurricane season is approaching, significant since the U.S. receives much oil from the Gulf of Mexico and oil and refined product from the Caribbean and Latin America.
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The biggest issues in my mind are the lack of willingness in these Northeast States to get natural gas and refined product pipelines built so they are not so dependent upon refined products for heating and they can get refined products delviered without as much trucking or barging.
Jared Allgood, chief executive of Juxta Labs, urged entrepreneurs to "not take the money" until they have refined their product with customers.
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It is the fifth largest producer of the refined distilled wine product (which is brandy produced inside the Cognac region of France).
Mueller said an FBI profile of the suspected anthrax mailer -- a lone person living within the United States with experience working in labs and smart enough to "produce a highly refined and deadly product" -- had not changed.
After much talk of molecules, bonds and synthesis, Harfouch insists that the final product is so refined that even the most microscopic amount of petroleum has been filtered out.
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And the truth of the matter is, is that the process looked painful and messy, but the innumerable hearings that were held did give an opportunity for the product to get refined so that I think that the ultimate package, after potential negotiations between the House and the Senate, is better than where we started.
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In addition, Amazon's product may be less refined than the iPad, which is in its second generation.
This, in effect, stretched product liability laws by claiming that oil companies that refined, marketed and sold MTBE-laced gasoline knew it would leak and contaminate water supplies.
They released what was a very innovative product in the iPhone and over the years they have refined it.
At the Frequencies media summit in Seattle over the last two days, HTC walked us through the fine details on how its smartphones are developed, going from the boring rectangular ABS block to the more refined plastic mockups that are presented to carriers and focus groups -- the findings of which then shape the final product.
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