1. 1 Capacity, Millions of Barrels/Day US Refining Capacity By Location Source: US Energy Information Agency

2. 2 Consumption/Capacity Capacity and Consumption For Refinery Products In North American & Caribbean Based on data from: BP Statistical Review of World Energy 2006

3. 3 Consumption/Capacity Capacity and Consumption For Refinery Products Worldwide Based on data from: BP Statistical Review of World Energy 2006

4. 4 Thousands of Barrels/Day US Petroleum Product Imports By Source Source: US Energy Information Agency Other E. Europe Other Western Hemisphere Venezuela Canada Caribbean W. Europe Mexico Russia N. Africa Asia

5. 5 Nominal Refining Margins Refining Margin ($/bbl) (12-month averages) US Gulf Coast NW Europe Singapore Source: BP Statistical Review Global Refining Is Seeing Better Days … Recently

6. 6 Valero Refining Margin History $/Barrel Margin Cost Plus Return Cash Cost “US Industry Margin” Sources: Valero Annual Reports and BP Statistical Energy Summary