Athletes gathering for the winter Paralympics in South Korea this month are remarkable examples of how people overcome challenges – and new technologies are increasingly helping these impressive athletes push their limits by doing more, going faster or going farther.
The renegotiation of the North American Free Trade Agreement (NAFTA) provides an important opportunity to preserve and strengthen NAFTA’s investor protections, specifically the investor-state dispute settlement (ISDS) mechanism.
Alongside the publication of AFPM’s new study, “The Fuel & Petrochemical Supply Chains: Moving the Fuels & Products That Power Progress,” Flash Point interviewed leaders working on U.S. midstream infrastructure issues, including Sean Strawbridge, CEO of the Port of Corpus Christi.
The American Fuel & Petrochemical Manufacturers (AFPM) has expressed concern about the impact that steel and aluminum tariffs would have on prices at the pump, infrastructure investment and jobs.
Every day, AFPM members make products that improve our lives and contribute to human progress — including fuels like gasoline, diesel and jet fuel that facilitate access to vital health services, and petrochemicals used as building blocks to create healthcare equipment, devices and technologies.
One of America’s major strengths when it comes to the economy and global trade is our petrochemical industry, which produces the building blocks used in manufacturing supply chains across the globe.
U.S. refineries are the most complex in the world, allowing them to extract more value out of each barrel of oil than any other refining system globally. This competitive edge is made possible by access to global markets.
The United States is the now largest producer of crude oil and has the largest, most complex and most efficient refining industry in the world. Yet two of our most important oil trading partners are those that share our borders: Canada and Mexico.
Right now, members of Congress are debating a series of taxes as part of the multi-trillion-dollar reconciliation package that could make the crude oil that runs through U.S. refineries more expensive.
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.
