The Great Debate

The truth about car fleet standards: Your mileage may vary – a lot

November 30, 2015
Auto worker Sheri Thompson places the mileage sticker onto a 2015 Chevrolet Malibu being manufactured at GM's Fairfax assembly plant in Kansas City, Kansas May 4, 2015. REUTERS/Dave Kaup - RTX1BIGH

Auto worker Sheri Thompson places the mileage sticker onto a 2015 Chevrolet Malibu being manufactured at GM’s Fairfax assembly plant in Kansas City, Kansas May 4, 2015. REUTERS/Dave Kaup – RTX1BIGH

Bleak outlook for U.S. oil refiners

December 1, 2008

John Kemp Great Debate— John Kemp is a Reuters columnist. The views expressed are his own —

Even by the standards of a deep-cyclical industry, the “golden age” of oil refining has proved remarkably brief, lasting no more than three years, before giving way to a new dark age.