API: U.S. oil refinery production in 2030 will be reduced by 25%

WASHINGTON, August 24, the American Petroleum Institute (API) 8 Yue 24 in here that if climate change legislation has been approved by the Senate become law, then, the United States of petroleum products refinery production in 2030 will be reduced by a quarter of the 1, making the U.S. even more dependent on fuel imports.

Headquartered in Washington, DC Its members include the largest U.S. oil company Exxon Mobil and the No. 3 U.S. oil company ConocoPhillips of the American Petroleum Institute August 24 issued a research report said that the U.S. climate change legislation in June this year, won the approval of the House of Representatives, while the United States Senate has yet to vote, which was aimed at the United States by 2050 greenhouse gas emissions from 2005 levels by 80% of the measures.

American Petroleum Institute said in the report, the cost of the project will be to prevent oil refineries at full capacity. API report concludes that, in 2030, the U.S. refinery production is likely to cut 4.4 million barrels per day or 25%, while investment in refineries may reduce the 90 billion U.S. dollars.

Aug. 26, 2009