There isn’t one Nebraskan who hasn’t cringed when they put that nozzle into their gas tank to fill-er-up. Everyone is unhappy about the high price of gas and that includes refiners as they are the first to feel the impact. Charles Drevna is the president of the National Petrochemical & Refiners Association and tells us they do have ideas on how to bring stability to America’s oil supply and protect consumers from the higher gas prices.
“First of all we have to realize as a nation, we are not energy poor. We are energy rich. We are sitting on an abundant supply of oil and natural gas here in the United States that has here before been off limits for production.”
Drevna and the NPRA advocate for more drilling for oil and natural gas in the US and off our shores to make America less dependent on foreign suppliers. He says you don’t have to look far to find our own energy sources.
“If you look at the upper West, into the Dakota’s, Montana, tremendous resources. Natural gas, we have the Texas Eagle-ford Shell. Just a tremendous resource through the Northeast. Through New York, western Pennsylvania, down into West Virginia. Off-shore, my goodness. There is the whole east coast. There is the eastern port of the Gulf of Mexico. We have to have the commitment. I tell you if we would commit as a nation to develop these resources, it would send a tremendous signal to the market and you would see, I believe, an immediate impact.”
Drevna also addressed the Keystone XL pipeline. He says it would bring up to 2.2-million more barrels of Canadian oil to the U-S every day and the benefits could be endless. Drevna was asked about the dangers of the location of the pipeline in Nebraska being close to a valuable natural resource, the Ogallala Aquifer. He says there is a solution to every problem.
“I think reasonable minds can come to reasonable conclusions. Whatever it is going to take. We need to look at all aspects, all routes, whatever but we have to make the commitment to do it because Canada is either going to send that crude oil to us to use in our U-S refineries, pay our U-S workers, increase our production and be more energy secure or they are going to ship it to China.”
Drevna says the NPRA is very concerned with several proposals in the Senate that would raise taxes on oil companies which would only increase their production costs. In the end, consumers will pay that price.