On the recordSeptember 27, 2013
Yes, it is our expectation that BLM will consider economic impacts throughout the implementation of this bill and develop regulations for this and other provisions in the bill accordingly. I do not anticipate that the definition of ``excess refining capacity'' would change over the course of the law's implementation, however. Our intent is to ensure that refiners with excess refining capacity make that capacity available at commercially reasonable rates. As the auction system is phased in, I look forward to working with my Senate colleagues and the BLM to ensure that market disruptions are avoided and American taxpayers are protected.
