|SI will use the remaining slides in this
presentation to discuss why the diesel price advantage over gasoline may be
diminishing, and why Europe will be an important market to watch in this
|SEurope’s experience with diesel-fueled
light-duty diesel vehicles also provides some insights into the potential for
growth in the U.S.
|SI will then explore two high growth scenarios
for diesel light duty vehicles, and illustrate that at least for the next 10
years, increased diesel volumes from this market segment should not create
any refinery problems.
|SAnd last, I come to the conclusion that in the
short term (next 10 years), the growth in diesel-fueled light duty vehicles
in the U.S. should not be the cause of any major refinery constraints.