Commercial Jet Fuel Supply: Impact & Cost on the United States Airline Industry: Congressional Hearing

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Página 99 - a method of navigation which permits aircraft operation on any desired flight path within the coverage of stationreferenced navigation aids or within the limits of the capability of self-contained aids, or a combination.
Página 65 - US refining industry has been expanding a little more than 1 percent per year over the past decade — the equivalent of a mid-size refinery being built each year. In order to create the opportunity for increasing the growth of US refining capacity, government policies are needed to create a climate more conducive to investments in the refining industry. In addition, many of the steps the federal government could take to help the refinery capacity situation are covered in the December 2004 National...
Página 63 - Federal restrictions on leasing put significant volumes of these resources off limits, while post-lease restrictions on operations effectively preclude development of both federal and non-federal resources. Addressing these restrictions is critical. And, while we must focus on producing more energy here at home, we do not have the luxury of ignoring the global energy situation. In the world of energy, the US operates in a global marketplace. What others do in that market matters greatly. For this...
Página 67 - In only two years between 1977 and 2004 did the average return of refiners exceed the average for the S&P Industrials. While taking these factors into account, it is important to remember that the oil and natural gas industry operates in a global marketplace. Many oil and gas companies are global companies, whose US investment decisions compete not only with decisions as to how to allocate capital investments in the US among various sectors of the industry, but also with competing demands and investment...
Página 63 - West. In fact, we do have an abundance of competitive domestic oil and gas resources in the US According to the latest published estimates, there are more than 131 billion barrels of oil and more than 1000 TCF of natural gas remaining to be discovered in the United States.
Página 13 - Mr. DUNCAN. Thank you, Mr. Chairman, and thank you for calling this very important hearing.
Página 6 - I would like to submit a prepared statement for the record. Mr. MICA. Without objection the entire statement will be made part of the record.
Página 66 - Affbrdability of Cleaner Fuels, 2000." The NPC study suggested that the federal government should take steps to streamline the permitting process to ensure the timely review of federal, state and local permits to expand capacity at existing refineries. For example, new-source review (NSR) requirements of the Clean Air Act need to be reformed to clarify what triggers these reviews. Some refineries may be able to increase capacity with relatively minor adjustments, but are unsure if the entire facility's...

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