In the United States, fuel consumption is less than it was seven years ago. This decline is due, in part, to high crude oil prices, slow recession recovery, popularity of more fuel-efficient hybrid automobiles and federal mandates to increase the use of ethanol to 10 percent. This is forcing petroleum refiners to rethink their product mix.
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The changing regulatory environment alone creates ongoing dispute activity. For example, federal mandates originally required the use of oxygenates like methyl tertiary butyl ether (“MTBE”) to reduce air pollution. Fifteen years later, MTBE was outlawed, creating a considerable amount of stranded investment and legal disputes. Clients retain FTI Consulting for dispute resolution because many of our Energy professionals joined the firm from oil companies, refining operations or regulatory agencies. We understand the issues involved and provide experienced counsel and expert testimony.
The success of a restructuring, merger, acquisition, carveout, spin-off or divestiture may depend on how quickly management voids can be filled once the transaction is completed. The seasoned Energy professionals with C-level experience at FTI Consulting are prepared to fill the void when client companies face leadership, financial or operational challenges. In a moment’s notice, our experienced and credentialed senior executives assume C-level roles, providing the leadership and strategic decision-making ability to maintain momentum, establish corporate priorities, build morale and provide critical continuity. Our C-level executives serve in the following roles: chief executive officer, chief operating officer, chief financial officer, chief restructuring officer, controller and treasurer.