US senators have shown their indignation on oil giant BP and have asked them to clear their basis to reduced capacity of refineries, drilling at their half capacity in the peak US summer season.
Senator Pete Domenici, member of the Senate Energy Committee, ordered BP America CEO, Bob Malone to explain the causes of reducing its Texas city based and Whiting, Indiana refineries reduction capacity, as these are among the top drillers in the nation and country needs them to fully functioned in the effective manner.
Senator Pete said
Texas City and Whiting, Indiana, are two of the five largest refineries in the United States, and the American people rely upon the [petrol] from these facilities
US market is facing a rising prices blow, which has become a matter of concerned for not only among the consumers but for the government also. Oil prices has climbed up to the record mark $3.22 a gallon this week, which is directly hampering the US market.
Rising prices has cut the pocket of consumers as survey says that U.S. families paid $1,000 more on average for gasoline than in 2001 and causing to increasing inflation rate.
US concerned for its existing refineries as they are facing maintenance problem, most of its refineries are aging. Rejuvenation is necessary as US did not built any refinery for more than 30 years. Majority of oil drillers has reduced its supply by 15 percent.
On the allegation, BP cleared its issue and say that maintenance cause to defer its production, but senators are seems in a mood to make US driller to make more competitive. Senators also threatened that congress will break up the mergers of the 1990 if companies find non-competitive.
Image: d.yimg
Via: telegraph
