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US Downstream Market Outlook

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U.S. refinery capacity additions are lagging<br />

runs, but further creep will meet the shortfall<br />

1.4<br />

1.2<br />

1.0<br />

0.8<br />

0.6<br />

0.4<br />

0.2<br />

0.0<br />

Million Barrels per Day<br />

Capacity<br />

Incremental Runs<br />

Capacity Creep<br />

1995-1999 1999-2003 2003-2007<br />

15

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