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Answer:
Numerous statistics indicate positive trends in the midstream and downstream oil markets, led by the domestic petroleum refining industry [1]. Domestic capacity has expanded, and there is a robust product-import market. Increased refining efficiencies have moderated crude-oil price rises since the 1970s. Products have been reformulated to improve environmental performance.
Higher refining margins in recent years have led to planned capacity additions, domestically and internationally. Few if any new refineries are likely to be built in the United States, however. This is because (among other factors) the financial disadvantage of building from scratch versus incrementally expanding existing capacity, the issue of permits aside. In all, the price- and profit-driven market process is ably at work, promising to bring the issue of pricing petroleum products back again to the issue of the globally-set price of crude oil.
The Congressional Budget Office (CBO)- is the primary congressional agency charged with reviewing congressional budgets and other legislative initiatives with budgetary implications.
U.S. Government Accountability Office (GAO)- Known as "the investigative arm of Congress" and "the congressional watchdog," GAO supports the Congress in meeting its constitutional responsibilities and helps improve the performance and accountability of the federal government for the benefit of the American people.
The Office of Management and Budget (OMB)- is the business division of the Executive Office of the President of the United States that administers the United States federal budget and oversees the performance of federal agencies.
