Why All the Fuss About MTBE? Jan 04
- ID: 2024759
- January 2004
- Standard & Poors
This past November, the U.S. Senate failed to pass the much-discussed Energy Bill, shelving it for further consideration in 2004. The sticking point was a provision in the bill that would shield manufacturers of methyl tertiary butyl ether (MTBE) from costly defective product lawsuits. MTBE has created considerable debate with regard to its use as an oxygenation agent in the production of gasoline and diesel. The use of MTBE came about as an efficient way to meet increasingly stringent motor vehicle emission norms. MTBE aids in reducing air pollution; however, its easy absorbtion in groundwater, usually through a leaking underground gasoline storage tank, has led to 150,000 identified instances of water contamination in at least 28 states. Having reconvened on...
Companies mentioned in this report are: Hess Corp.,Sunoco Inc.,Wal-Mart Stores Inc.,Koch Industries Inc.,Premcor USA Inc.,United Refining Co.,ConocoPhillips
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
SHOW LESS READ MORE >