Congress Passes bill to Address Oil Refinery Shortages in United States
Gas prices have become a big deal throughout the country. Here Congress has passed bill 5254 to address this issue. This bill has obvious political ramnifications. It also has huge supply-side potential. More U.S. refineries makes will lower fuel prices around the world.
"No new refinery has been built in the United States in 30 years, and the high gas prices we're experiencing at the pump are directly related to our nation's lack of refinery capacity," Souder said. "In fact, there are currently 148 operating refineries in the United States, down from 324 in 1981. The result has been a bottleneck in domestic refining and an increased reliance on foreign refineries. This bill would make it easier to construct new refineries here in the United States."
"In early May, the Democrats took advantage of the parliamentary process and killed this bill," Souder added. "Fortunately, we were able to bring it back up for consideration, and it was passed today." - Congressman Mark Souder (IN3), co-author of the bill.
The Refinery Permit Process Schedule Act would:
- Establish a federal coordinator to convene all U.S. government agencies responsible for issuing permits to develop a refinery facility, and help them coordinate and expedite their schedules so that decisions on permits can move more efficiently;
- direct the President to identify at least three closed military bases as suitable sites for new refineries, one of which must be designated for biofuel refining;
- give the U.S. Environmental Protection Agency priority in the scheduling coordination, thereby preserving the strict environmental standards that must be met for these facilities to be developed.
H.R. 5254 will now be sent to the Senate for further action.