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