The true victims of this “perfect storm” of foreign oil price wars and the worldwide COVID pandemic are American oil and gas workers, and in particular, independent producers in the Permian Basin.
Read the latest report from UTPB
While we fully realize that United States Gulf Coast refineries operate at their most efficient when they are refining a blend of 65% lighter West Texas Intermediate with 35% heavier foreign produced crudes, it is reasonable to believe that not all imports of foreign crudes (especially Saudi and Canadian) are driven by market demand.
The Permian Fuels America Task Force is working to stop this roller coaster ride in oil pricing once and for all by asking our government and American refineries to honor a pledge. This pledge asks domestic refineries:
- To maintain the same or lower percentage of foreign oil imports as their 4th quarter 2019 percentages
- To consider purchasing American crude oil over foreign imports when given the opportunity
- To acknowledge that domestic oil production and its workforce are important to the national security of the United States of America
Our goal is to inform Washington, D.C., and the state of Texas of the tremendous importance of the Permian to the economic health of our state and our nation, and press upon them the need for immediate action to take the important steps that will result in our country’s energy independence from foreign influences. In addition, we will educate the citizens of West Texas and southeastern New Mexico as to the importance of this region on a global scale.
HOW YOU CAN HELP
With your support we can level the playing field in the pricing of oil worldwide
and keep Americans working in the Permian and all across the country.