[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 460 Introduced in House (IH)]








109th CONGRESS
  2d Session
H. CON. RES. 460

  Expressing the sense of Congress that American oil companies should 
   build additional refining capacity on existing refinery campuses.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 28, 2006

Mr. Alexander submitted the following concurrent resolution; which was 
            referred to the Committee on Energy and Commerce

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
  Expressing the sense of Congress that American oil companies should 
   build additional refining capacity on existing refinery campuses.

Whereas gasoline prices are currently on average over $3 per gallon in the 
        United States;
Whereas there is a known shortage of refinery capacity in the United States and 
        we are unable to process enough supply of gasoline to meet the Nation's 
        demand;
Whereas the United States is forced to import approximately 1,000,000 barrels of 
        crude oil each day;
Whereas crude oil prices are currently at $75 per barrel with no drop in that 
        price in the foreseeable future;
Whereas the profits of American oil companies are reaching record highs;
Whereas a stable, steady oil supply and United States refining capacity is a 
        national security issue; and
Whereas current refinery capacity is stretched to its limits: Now, therefore, be 
        it
    Resolved by the House of Representatives (the Senate concurring),  
That it is the sense of Congress that American oil companies should 
reinvest their profits into building additional refining capacity on 
existing refinery campuses so that the United States will become 
independent of foreign refineries and, in effect, help to reduce the 
current high price of gasoline.
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