[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 346 Introduced in House (IH)]







110th CONGRESS
  2d Session
H. CON. RES. 346

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 8, 2008

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 approaching $4.00 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 over 10,000,000 barrels of crude 
        oil each day;
Whereas crude oil prices are currently at $120 per barrel with no drop in that 
        price in the foreseeable future;
Whereas the profits of American oil companies are reaching record highs;
Whereas no new refineries have been built in the United States since 1976 and 
        over 170 refineries have stopped operation since then;
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, to help to reduce the 
current high price of gasoline.
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