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."
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.
Refineries are not the story when it comes to retail gasoline prices. Raw materials (in this case crude oil) account for the biggest share of the final price consumers pay.
Last month Rob Benedict, senior director, petrochemicals, transportation and infrastructure at AFPM, spoke with Railway Age Editor-in-Chief William C. Vantuono regarding a host of current issues facing AFPM members and freight rail shippers across the United States.
WASHINGTON, D.C. – Today, the U.S. Department of Energy, Office of Fossil Energy and the U.S. Department of Transportation, Pipeline and Hazardous Materials Safety Administration formally submitted the Congressionally-mandated Sandia National Laboratories technical report on crude oil combustion properties to Congress.
As more states limit the size of gatherings and even consider shelter-in-place policies in response to COVID-19, AFPM is working to see that refineries and petrochemical facilities.