DENVER, CO — (Marketwired) — 07/18/13 — Written by John Egan for Industrial Info Resources (Sugar Land, Texas) — High prices, strong demand and advanced technologies and techniques have boosted crude-oil production in the U.S. and Canada dramatically in recent years, a speaker said this week at a conference in Denver. The majority of this new U.S. crude oil is, and is expected to remain, light and sweet. Unfortunately, a lot of U.S. refineries on the Gulf Coast are set up to process those heavier, sourer grades of crude oil, most of which is imported. U.S. refineries are rapidly reaching a point where they will be overwhelmed by the domestic light sweet crude.
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