Marine Link
Friday, October 21, 2016

Oil Industry: EPA Going “Too Far, Too Fast” On Diesel

June 21, 2000

The U.S. oil industry locked horns with environmental regulators last week over a new proposal to make diesel burn cleaner. The Environmental Protection Agency (EPA) proposed this spring to reduce the sulfur content in diesel by 97 percent, starting in 2007, as a way of cutting back on toxic emissions. But at a hearing on the green diesel proposal, oil industry representatives said the EPA was going "too far too fast" and that the rule could cause fuel shortages and surging prices similar to those now experienced by consumers of gasoline in the Midwest. Oil industry representatives estimated the EPA's proposal would cost U.S. refiners roughly $10 billion in upgrades and new equipment and would likely knock out 30 percent of current diesel production. They compared the proposal to a new EPA anti-smog requirement for gasoline commonly blamed for record high prices in the Midwest, which have soared as much as 50 cents higher than the national average of $1.64 a gallon. The EPA said it is accepting written statements on its proposal until August 14, at which point it will close its hearing and beginning drafting an official regulation.

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News