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Article: Refiners oppose SPR set-aside. (petroleum refiners, Strategic Petroleum Reserve)
- Article from:
- The Oil Daily
- Article date:
- May 23, 1991
CopyrightCOPYRIGHT 1991 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON --The Senate Energy Committee proposal to set aside a fixed percentage of U.S. crude oil imports to fill the Strategic Petroleum Reserve encountered strong opposition from the refining sector -- which would have to provide the oil free of charge.
Sen. J. Bennett Johnston, author of the proposal, said at a Wednesday markup he would reduce his original requirement that importers and refiners must set aside 9 percent of their imports in the reserve to a 3 percent set aside requirement.
However, the entire principle of a set aside met with resistance from several committee members.
Sen. Wendell Ford, D-Ky., whose state is the home of ...