All Posts Tagged With: "Mandatory Oil Import Program"

Putting a Bureaucrat in Your Tank: Gasoline Markets and Regulation

If you run a barrel of crude oil through a still, the technique used by the earliest refineries and still a stage in modern refining, it separates into various fractions, including kerosene, gasoline, diesel, fuel oils, waxes, and asphalt. Without further processing, about 10 percent will be “straight run” gasoline. In the 1870s this 10 [...]

1Oct2007 | Andrew P. Morriss | 0 comments | Continued
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