Reply #90: NPRA Supports the President's Call to Increase U.S. Refinery Capacity [View All]

[54anickel]

I'll bet they do, on MY dime!!!

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050926005936&newsLang=en

WASHINGTON--(BUSINESS WIRE)--Sept. 26, 2005--Bob Slaughter, President of NPRA, the National Petrochemical & Refiners Association, released the following statement on President Bush's comments calling for an increase in much-needed U.S. refining capacity.


"NPRA strongly supports President Bush's call today to encourage additional U.S. refining capacity. We believe that it is imperative that our energy policy encourage additional supplies of energy and an increase in U.S. refining capacity. Both Hurricanes Rita and Katrina have revealed the current fragile energy supply/demand balance and the vulnerabilities of the nation's energy infrastructure. Increased U.S. refining capacity, whether in the form of additional capacity at existing sites, or through new grassroots refineries, would help increase the supply of domestically-manufactured petroleum products.

"Our member companies are working hard to restore capacity damaged by the storms as quickly and safely as possible. Currently, efforts are under way to assess the full impact of the storm and how long any shut downs will persist. NPRA applauds President Bush's swift and decisive steps concerning emergency fuel waivers for certain gasoline and diesel fuel requirements. These actions will go a long way to avoid or mitigate potential supply disruptions across the nation.

"NPRA is also extremely concerned about the current natural gas supply situation. We must implement policy changes to encourage increased natural gas supplies for use by U.S. consumers. NPRA favors policies that will encourage increased natural gas production from domestic sources, both onshore and offshore. U.S. petrochemical producers rely on an adequate supply of natural gas and gas liquids at reasonably predictable prices to maintain their competitive position in a difficult global market."

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