|SFrom 1981, when refinery capacity
utilization was 69%, until the mid 1990ís, refinery industry concerns were
focused on surplus capacity.
|SBut since 1996, refinery capacity has
|SThe net growth hides some interesting
details that may help us to understand the future.† The next few slides will explore the
separate effects of shutdowns and of†
refineries that have stayed in operation.