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.
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.
Mowing lawns is a summertime rite of passage in America, providing young people with experience pitching their business to neighbors, keeping a work schedule, and making and managing money—from purchasing the gasoline that fuels the operation, to budgeting for the oils and lubricants that keep a mower’s engine and blades running smoothly.
The friendly skies have never been more crowded. In 2018, 4.3 billion passengers stowed their tray tables and brought their seat backs into the upright position on their way to and from wherever they wanted — or needed — to go.
Plastic roads and buildings, the influence of energy and petrochemicals in geopolitics, and chemical and molecular recycling processes that could create a truly circular economy for plastic products were just a few of the topics discussed at AFPM’s 44th International Petrochemical Conference (IPC) in San Antonio last week.
