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Essay / Research Paper Abstract
This 5 page paper considers the history of oil refineries as pollutants, as well as legislation to correct the situation. It also details a possible alternative solution to the dilemma. Bibliography lists 6 sources.
Page Count:
5 pages (~225 words per page)
File: D0_BBoilr.doc.
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Unformatted sample text from the term paper:
The battered oil industry could use a respite after 15 years of wild booms, painful busts, and run-amok prices. At first glance the1990s
looked like just & what the doctor ordered. Most forecasters predicted moderate growth in demand and adequate supply. The conventional wisdom seemed to be that prices, while volatile, should be
trending upward comfortably above the $15 a barrel that most U.S. companies need to make a profit. According to this view, the Nineties held out the promise of spare change
jingling once more in oil patch pockets. Think again. In all probability the 1990s brought neither rest nor recuperation. Instead, two powerful forces will keep up the tumult of
the recent past. First, oil and gas in the U.S. are becoming harder to find and more costly to produce. Nothing has happened in two decades, since the discovery of
oil in Prudhoe Bay,to reverse this trend. As long as it continues, the domestic industry must keep on consolidating. Second, a historic confrontation looms between the U.S. publics yearning
for a cleaner environment and its desire for a healthy, growing economy. The oil industry, from wellhead to gasoline pump, remains caught in the middle (Nulty 94). Yet in the
spring of 1999, older industrial plants exempted for decades from Texas air--pollution standards were granted voluntary compliance under a bill tentatively approved by the Senate. Industrial plants affected by
the measure were those in operation before 1971, when Congress approved the federal Clean Air Act. All of the plants would have until Sept. 1, 2001, to sign up for
the voluntary program. Power plants and oil refineries now cause more than a third of the air pollution in Texas (Stutz 15A).
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