NPRA Cautions Pelosi, Boehner On Energy Policy
Monday, August 25, 2008
NPRA, the National Petrochemical & Refiners Association, last Thursday sent a letter to House Speaker Nancy Pelosi (D-Calif.) and House Republican Leader John Boehner (R-Ohio) expressing the association's views on energy measures likely to be considered by Congress in the coming weeks.
"NPRA applauds Congress for initiating a serious dialogue about expanding domestic energy production," NPRA wrote in the letter signed by Association President Charles T. Drevna. "Unfortunately, recent statements indicate Congress may soon consider legislation that would only open limited portions of the Outer Continental Shelf for domestic production and tie that policy to measures which could ultimately counteract the very supply increases our nation is hoping to achieve. Such contradictory policies have the likely potential to threaten American energy supplies and security.
"As always, we stand by ready to work with you on crafting a realistic energy policy that will increase domestic production and benefit consumers with a reliable and affordable supply of fuels and other petroleum-based products essential to Americans' daily lives."
NPRA's letter points out the following measures that would be counterproductive to expanding domestic energy production:
- Repealing the Section 199 manufacturing deduction for the oil and gas sectors;
- So-called "use-it-or-lose-it" legislation;
- Gulf of Mexico lease revisions that would change existing contracts between the Department of the Interior and American oil and gas businesses; and
- Legislation that would release oil from the Strategic Petroleum Reserve imprudently.
NPRA members include more than 450 companies, including virtually all US refiners and petrochemical manufacturers.
Source: National Petrochemical & Refiners Association
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