At the Marine Money Week conference in New York CityEdward Morse, the managing director of commodities research at Citi, also said thathe expects production to top one million barrels per day by the end of thisyear.

“By 2015 I am confident that the US will overtake Russiaas the number one exporter of petroleum products,” he continued afterdiscussing examples of renewed interest in the expansion of domestic refiningcapacity.

On