WASHINGTON, D.C. – The American Fuel & Petrochemical Manufacturers (AFPM) applauds the House Energy & Commerce Committee for passing H.R. 4775, the “Ozone Implementation Act of 2016” and urges the House of Representatives to take further action on this critical piece of legislation.
AFPM opposes the Inflation Reduction Act as written. We evaluated the bill against our core principles, specifically whether the legislation would support strong U.S. refining and petrochemical industries and whether it pursued emissions reductions in a market-based and cost-effective manner. Unfortunately, the IRA falls short of these goals.
Last week, California Insurance Commissioner Dave Jones launched the latest salvo in his relentless crusade to coerce the nation’s leading insurance companies to divest from oil and natural gas company holdings.
A duo of strong storms that swept through the United States has temporarily disrupted domestic fuel markets, but effective responses by the private and public sectors have limited the fallout from Hurricanes Harvey and Irma for Americans who need fuel critical for commerce.
The House of Representatives will soon vote on three pieces of legislation to rein in the federal Environmental Protection Agency (EPA) from (1) imposing and enabling de facto bans on new cars and trucks that run on liquid fuels and (2) from radically transforming the Renewable Fuel Standard (RFS) into a new nine-figure-government subsidy program for electric vehicles (EVs).
America’s refining and petrochemical community employs and supports over three million people, hiring individuals from all education levels to fill a wide range of positions (such as welders, electricians, chemists, and engineers).
One key component called for in nearly every recipe for clean, low-sulfur gasoline is alkylate. Alkylate is high in octane, low in sulfur and has zero aromatics which all help to lower vehicle emissions and tailpipe pollution.
Fuel supply limitations resulting from the impact of hurricanes and other natural disasters on infrastructure, for example, can lead to price increases as the market reacts to rebalance supply and demand.