H.Con.Res. 460House109th Congress (2005-2007)In Committee

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

Introduced July 28, 2006

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Referred to the Subcommittee on Energy and Air Quality.

August 1, 2006

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HouseIntro Referral

Introduced in House

July 28, 2006

HouseIntro Referral

Referred to the House Committee on Energy and Commerce.

July 28, 2006

HouseCommittee

Referred to the Subcommittee on Energy and Air Quality.

August 1, 2006

Floor Debate

1 member

What members said about H.Con.Res. 460 on the floor

1 Democrat
Barney Frank
Rep. Barney FrankD-MA-4 · Feb 17, 2005

Mr. Speaker, before I proceed with the subject of my own Special Order, I want to continue the discussion I tried to have and it became kind of one-sided when I was not recognized to continue it. The…

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Introduced in HouseIssued July 28, 2006

IV

109th CONGRESS

2d Session

H. CON. RES. 460

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

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.