WASHINGTON, D.C. – The American Fuel & Petrochemical Manufacturers (AFPM) released the following statement after the House of Representatives passed H.R. 5729, the Transportation Worker Identification Credential Accountability Act of 2018
WASHINGTON, D.C. - This is a poorly devised bill that runs contrary to its purported purpose of improving the global environment. Banning the export of U.S. manufactured petrochemicals and polymers is shortsighted and will negatively impact global supply chains for essential materials and products.
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.
Although President Obama’s controversial Clean Power Plan (CPP) has been debated at length for several months, its legal failings finally came under the microscope during oral argument in W Virginia et al. v EPA et al. in the DC Circuit Court of Appeals on September 27.
It’s been two and a half years since Congress granted the Department of Homeland Security’s Chemical Facility Anti-Terrorism Standards (CFATS) program long-term authorization.
By an act of Congress and with the stroke of a pen, the Federal Aviation Administration’s (FAA) programs will continue to receive funding for the next 14 months.
Not only do the fuel and petrochemical industries make it possible, they’re also responsible for preserving and maintaining some of the best-known landmarks all over the world. Read on to join us for a ‘round the globe trip to some of the world’s most famous petrochemicals!
In 2015, after years of building a collection of over 600 pipeline real-world “test specimens” to be used for advanced pipeline safety research, the Pipeline Research Council International (PRCI) opened the Technology Development Center (TDC) in Houston, Texas.