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API: SENATE DEMOCRATIC ENERGY PLAN COULD THREATEN CONSUMERS, ENERGY RENAISSANCE A plan to raise taxes on energy and pick winners and losers in the marketplace released by Senate Democrats is back- ward-facing and could threaten America's energy revolution and harm consumers, according to API Executive Vice President Louis Finkel. "API supports an all-of-the-above energy strategy based on America's vast resources that will provide affordable and reliable energy to consumers here at home and abroad for generations to come. This proposal uses taxpayer dollars to raise the cost of energy for American consumers. "America's oil and natural gas industry pays one of the highest tax rates among U.S. businesses, generating billions of dollars every year in revenue for the federal govern- ment. Instead of higher taxes and royalty rates that discourage domestic production, policymakers should follow pro-develop- ment energy policies that create jobs and help our nation provide affordable and reli- able energy for consumers. "Even as record amounts of domes- tic energy are recovered, the oil and natural gas industry's multibillion dollar investments in low- and zero-emissions technologies continue to drive down greenhouse gas emissions. These invest- ments have helped America lead the world in reducing carbon dioxide emis- sions, which are down to 27-year lows. A strong domestic oil and natural gas sec- tor provides hundreds of thousands of workers with well-paying jobs, indirectly supports millions of additional jobs and continues to drive down the cost of energy for consumers. By embracing America's energy renaissance, we can lower costs, clean the air, and create more jobs here at home while providing an example to the world. It's ironic that the U.S. would strike a deal to allow Iranian crude onto the global market while refusing to give the same opportunity to American producers. "Maintaining a world-leading econ- omy is simply not possible without using fossil fuels. The Energy Information Administration estimates that fossil fuels will account for 80% of U.S. energy con- sumption though 2040." According to a release announcing the bill, it claims to: Advance policies that give consum- ers access to their electricity data; Create a federal Energy Efficiency Resource Standard, which would save consumers $150 billion over the next 15 years, and support research and develop- ment on smart buildings; Invest in energy storage, integrate clean energy onto the grid, improve the security of the grid and help manage elec- tricity demand; Implement recommendations from the Quadrennial Energy Review to improve the resilience of the U.S. electric grid, natural gas distribution system and the Strategic Petroleum Reserve; Cut greenhouse gas emissions equivalent to all passenger vehicles and a third of U.S. homes and secure carbon reduction targets from other countries; Triple funding for basic energy sci- ence and technology research, to maintain global leadership and to invest in the next generation of clean energy technologies that we can export internationally; Double investments in cybersecu- rity research and develop and designate DOE as the sector-specific lead for energy; Prepare a new generation of skilled workers for a 21st century energy work- force through job training and model energy workforce curriculum; Permanently reauthorize and fully fund the Land and Water Conservation Fund; Offer technical assistance to small and medium manufacturers to imple- ment smart manufacturing technologies and expands the Advanced Technology Vehicle Manufacturing Program to include trucks; and Invest in clean energy technologies and repeal subsidies for fossil fuels. The full text can be found here: http:// www.energy.senate.gov/public/index. cfm/2015/9/senate-democrats-offer- pathway-to-a-cleaner-energy-future-and- economy www.fueloilnews.com | FUEL OIL NEWS | NOVEMBER 2015 3 DATELINE • API: Senate Democratic Energy Plan Could Threaten Consumers, Energy Renaissance • FYI: Kinder Morgan Announces Additional Gas Capacity Commitments To The Northeast Energy Direct Project • API: EPA's Refinery Rule Is Much Improved but Remains Costly • Conservation & Citizen Groups Call on FERC and NJ DEP to Deny Penneast Pipeline • From PPA: Court Decision May Impact Ultra Low-Sulfur Fuel Oile • Southern New England Energy Conference FUELS/EIA - pg 12 • Nation's Strictest Regulatory Board Affirms Biodiesel as Lowest-carbon Fuel • Global Wood Pellets Market Report: Wood Pellets Expected To Boom Owing To Their Use as an Alternative to Fossil Fuel • Hydro-Quebec Releases Report on Placement of Electricity Meters near Propane Tanks • Register For the 2016 National Biodiesel Conference & Expo • Propane Council Donates $30,000 to Schools Driving Propane Buses • East Coast Distillate Fuel Oil Inventories Higher Than In Recent Years • U.S. Propane Inventories Are at an All-Time High BUSINESS OPERATIONS - pg 21 • NYSERDA Approves Bright Harvest for NY-Sun Incentive Program • New Vendor: Direct Hit Marketing Services, Inc. • Survey: Small Business Groups Say States Favor Big Businesses • U.S. Bank Credit Card Wins Money Magazine Honor • ECFC Leads Charge to Revise Cadillac Tax • Home Automation Market Projected To Expand HVAC/HYDRONICS - pg 35 • Reports Estimate Over 100,000 New HVACR Mechanics and Installers Needed In Next Seven Years Due • To Growth and Retirements • General Filters, Inc. Appoints New President/CEO Bob Abraham • New ASHRAE Guideline Focuses On Optimum Facility and System Operation Featured News DATELINE BREAKING NEWS