Capacity Surplus Disappearing, Creating Short-Term Challenge
Gross Inputs
Operable Capacity
Source: EIA
SThe next few slides pose the gasoline supply issues that the rest of the presentation will address

SThe excess refining capacity that existed in the early 1980’s is gone.  But, will U.S. capacity growth necessarily be the most economic supply source to meet growing demand in the short or the long term, or will it be increased imports?

SAdequacy of supply cannot be addressed without also exploring future demand.  The presentation will explore not only likely demand growth, but also some uncertainties that could affect that growth.