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U.S. refinery sector critical to security and a strong economy

WASHINGTON, January 15, 2013 – API Refining Senior Manager Cindy Schild told reporters this morning that API was launching a new television ad to highlight the importance of the nation’s refining industry. She said a strong energy future for our nation depends in part on our ability to refine and distribute the fuels we need – and that sound decisions on the Renewable Fuels Standard, transportation infrastructure such as the Keystone XL pipeline, and refinery regulations could contribute to a more robust, competitive refinery sector that would continue to support America’s economy and strengthen its national security:

“Our nation’s energy future has never looked better, in large part because of our rapidly advancing ability to tap into vast new oil and natural gas resources right here in the United States. But a strong energy future for our nation depends also on our ability to refine and distribute the fuels from these resources.

“U.S. refineries compete in a global market place. Common sense policies are vital to ensuring a competitive U.S. refining sector that will continue to invest in America’s future and continue to provide the clean burning fuels consumers use every day. With such policies we can continue creating cleaner fuels and products in technologically advanced facilities here in the U.S. where it means jobs for Americans, and security and revenue to our government.

“Our refinery sector has contributed greatly to the nation’s steady improvement in air quality over the decades. Since 1990, it has invested more than $137 billion meeting environmental requirements. Over that time, pollution levels for the six common air pollutants, including ozone, have substantially declined, as have total emissions of toxic pollutants. America’s refineries are an indispensable part of the nation’s industrial base and our economic and energy security. We must do the right things to keep them strong.”

API is a national trade association that represents all segments of America’s technology-driven oil and natural gas industry. Its more than 500 members – including large integrated companies, exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms – provide most of the nation’s energy. The industry also supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers $86 million a day in revenue to our government, and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.
  • Economy
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  • Keystone XL