AFPM President and CEO Chet Thompson issued the following statement in response to the White House’s latest announcement of a release of crude oil from the SPR: “The SPR was never meant to serve as a substitute for actual crude oil production. At best, SPR releases are a short-term fix, not a long-term solution or signal of stability to a market craving reassurance..."
AFPM President and CEO Chet Thompson issued the following statement regarding President Biden’s suggestion that a Windfall Profit Tax should be considered to address fuel supplies and prices: “Once again, the President is more worried about political posturing before the Midterms than he is about advancing energy policies that will actually deliver for the American people."
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.
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
In a tight refined product market it has been U.S. refiners that have stepped up. Our industry ran full-out for most of 2022 making sure American consumers, our domestic economic centers and our allies had enough gasoline, diesel and jet fuel to keep everyone moving. Our refining sector leads the world in liquid fuel production and is effectively doing more than any other to bring better balance to the global market.
WASHINGTON, D.C. – “AFPM commends the bipartisan efforts of House and Senate leaders to pass a short-term reauthorization of the Chemical Facility Anti-Terrorism Standards (CFATS) program.
There aren’t many production facilities in the country more secure than refineries. Leaders in the fuel and petrochemical industries pride themselves on workplace safety and security, which is evident based on even a cursory glance at any AFPM member’s annual security report.
