AFPM President and CEO Chet Thompson and API President and CEO Mike Sommers sent a letter to President Biden responding to recent letters the Administration sent to major U.S. fuel refiners suggesting that these companies, their workforces and facilities throughout the country aren’t doing their part to bring fuel to the market and lower energy costs for consumers.
We are surprised and disappointed by the President’s letter. Any suggestion that U.S. refiners are not doing our part to bring stability to the market is false. We would encourage the Administration to look inward to better understand the role their policies and hostile rhetoric have played in the current environment.
COVID-19 upended energy markets. Demand disappeared and producers scaled back. Now that economies are reopening, and the demand for goods and services is rebounding, the demand for energy all along the supply chain is increasing, driving up not only the cost of the feedstocks and fuels refineries and petrochemical manufacturers use, but also the cost of the energy used at every step of the supply chain.
Marathon Petroleum Corporation has a longstanding tradition of supporting community and educational initiatives around the country, such as the Boys & Girls Club in Carson and Los Angeles Harbor, California.
Dramatic predictions and commentaries about the potential impact of the COVID-19 pandemic on the future of the fuel and petrochemical industries have made headlines.
As with many other challenges brought by COVID-19, fuel and petrochemical manufacturers are stepping in to help support schools and students during this difficult time.
Employee health and safety is top priority for the fuel and petrochemical industries, and the COVID outbreak has necessitated a number of changes to business operations.
Although COVID-19 changed the way many of us work and our companies operate, one thing remains the same for the refining and petrochemical companies.