Mr. Speaker, the demand for gasoline and other refined fuels in the United States currently exceeds our domestic capacity to produce them. Domestic gasoline consumption is expected to rise by an increase of over 4 million barrels per day by the year 2025. Refineries are already operating at nearly 100 percent of their designed capacity. This excess demand is being met, unfortunately, by an ever-increasing thirst for imports. We are currently importing about 7 percent of our refined product needs. H.R. 4517 seeks to reverse the trend of relying on refined imports to make up the shortfall. The bill would authorize the Secretary of Energy to designate as a refinery revitalization zone any area that has experienced mass layoffs at manufacturing facilities or contains an idle refinery and has an unemployment rate of at least 20 percent above the national average. Upon the request of an applicant that seeks Federal authorization related to siting and operation of a refinery within a refinery revitalization zone, the Department of Energy will be the lead agency for coordinating all applicable Federal authorizations and related environmental renewals of the facility.
Joe Barton: “Mr. Speaker, the demand for gasoline and other refined fuels in the United States currently exceeds our domestic…”
Editor's note · Context
Discussing the need for H.R. 4517 to address gasoline demand and refinery capacity in the U.S.
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Thank you, Mr. Chairman, and I want to thank you, sir, for appearing voluntarily without subpoena and standing or sitting there all by yourself.
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