Barbara Cubin (R-WY) - Should the U.S. build more oil refineries?

<< Barbara Cubin (R-WY) - Oil Industry

Barbara Cubin (R-WY) The U.S. should build more oil refineries. I have recently introduced H.R. 6329, a bill that will significantly increase America's refining capacity

Evidence approved (8/23/2008 1:40:10 PM)

I have recently introduced H.R. 6329, a bill that will significantly increase America's refining capacity

From Cubin's Website:

First, I have recently introduced H.R. 6329, a bill that will significantly increase America's refining capacity. No new refinery has been built in the U.S. since before my second son was born. He is now a practicing physician. Many factors contribute to why a refinery has not been built in America since 1976, but first among the problems is government red tape. Along with the bureaucratic hurdles, the lack of approved sites has simply made it too expensive for a company to build a new refinery. My bill overcomes this problem by directing the Secretary of Energy to designate, within 90 days of the bill being signed into law, no fewer than five “brownfield” sites appropriate for the construction of new refineries. Brownfields are properties where perceived or real minimal concentrations of hazardous waste or pollution deter reuse of the land. Many have been successfully cleaned-up for other beneficial local purposes, but thousands still sit idle across our nation.

Constructing new refineries on brownfields will certainly take some time, which makes it all the more imperative to act swiftly on my bill. In the meantime, to increase the supply of fuel on the market even more quickly, my legislation also helps existing refineries expand their capacity. It does this by offering a tax deduction to any existing refinery that increases either its overall capacity by at least five percent or the amount of refined fuels to market by at least 25 percent. By increasing our domestic refined fuel supply, we decrease what you pay for that fuel.