*The op-ed below originally appeared in the Houston Chronicle on Monday, February 19, 2018 President Trump clinched a historic victory with tax reform. Now he needs to avoid making a historic mistake...
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.
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.
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.
As American manufacturers champion their contributions to economic competitiveness and product innovation today, the industry has yet another reason to celebrate – U.S. manufacturing employment is still on the rise.
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.
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.
WASHINGTON, D.C. – Members in the House and Senate, led by Sen. John Cornyn and Rep. Vicente Gonzalez, sent a letter this week to President Trump urging him to address issues of unfair market access for U.S. energy companies doing business in Mexico. Chet Thompson, President and CEO of AFPM, echoed these calls with the following statement.
WASHINGTON, D.C. – "Federal policy is discouraging supply by shutting down pipelines, putting future production off limits, talking down the future of the petroleum business, and imposing expensive requirements on refineries, chief among them a burdensome Renewable Fuel Standard. The Administration is blaming others when it ought to take a sober look at its own energy policy."
