HIGH COST OF U.S. ENVIRONMENTAL RULES TALLIED

U.S. consumers' price tag for new environmental regulations affecting the U.S. petroleum industry could run $38.7 billion/year. Further, U.S. refining competitiveness in the international market will suffer while the new regulations benefit non-U.S. refiners. The end result of this, says Ashland Oil Inc. Chief Economist Cyrus Tahmassebi, will be damage to the U.S. economy in general and consumers in particular as well as the export of U.S. refining capacity.

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