AFPM President & CEO Chet Thompson sent a letter House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy expressing AFPM’s opposition to H.R. 7688, the Consumer Fuel Price Gouging Prevention Act.
Restricting exports would be a major unforced error for the President, tightening global fuel supplies, throttling U.S. fuel production and increasing costs for American consumers. Likewise, imposing product inventory requirements boils down to siphoning gasoline and diesel into storage, and away from consumers.
Oil markets are famously sensitive to uncertainty. Global conflict can send prices higher on concerns that crude oil supplies could be disrupted. This is playing out in response to Russia’s unprovoked acts of war against Ukraine. Russia is a major supplier of crude oil and other energy products globally, though less so in the United States. In recent days, many market participants have committed to stop purchasing Russian oil. Shipping companies are concerned about loading cargoes from Russia and some shippers are finding the cost associated with such cargoes too high. These moves are tightening an already tight market.
In a series of comments submitted recently to EPA, leading labor groups made the case to President Biden and EPA Administrator Michael Regan for reductions to the proposed 2022 Renewable Fuel Standard (RFS) volume mandate. An unachievable and costly RFS is a threat to good union jobs.
American Fuel & Petrochemical Manufacturers CEO Chet Thompson today issued the following statement on the Biden administration’s announcement that it plans to invoke emergency waiver authority under the Clean Air Act to allow for the incremental sale of E15 fuel this summer.
The beginning of fall once again marks the start of another school year filled with endless possibilities for wide-eyed students eager to learn. For AFPM, the beginning of the school year is yet...
EPA has waived cellulosic biofuels in the Renewable Fuel Standard (RFS) program (see January 2015 blog - "Cellulosic RFS Waiver History," and December 2015 blog – "Update: RFS Cellulosic Biofuel Waivers").
Although AFPM President Chet Thompson’s Congressional testimony on the flawed Renewable Fuel Standard (RFS) runs to 24 pages, the message contained within is very simple: the proposed 2017 RFS rule exemplifies everything that’s wrong with the program, and it needs to be ended before 2022.
Good morning Chairman Whitfield, Ranking Member Rush, and members of the Subcommittee. I appreciate the opportunity to testify before you today. My name is Chet Thompson and I am the President of the...