House Dems plan to revive refining reserve proposal

US House Democrats intend to bring back their proposal to create a strategic refining reserve as an alternative to a Republican bill aimed at simplifying refinery construction permit application processes.“CEOs of major oil companies have testified that state permitting is not a barrier. Last week’s bill is not the answer,” said Rep. Rick Boucher (D-Va.) in his opening remarks at an Energy and Commerce Committee hearing on gasoline prices, supplies, and specifications.He indicated that he and Rep. John D. Dingell (D-Mich.), the committee’s chief minority member, plan to introduce the measure later this week.Boucher said that the approach for refining would be simil...

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