WASHINGTON, June 29, 2006 - API President Red Cavaney, in a letter to Congress dated 6/29, said that government should implement policies that allow access and encourage the application of private capital to develop existing and new sources of energy to ensure a diverse and robust supply. In a letter to lawmakers, Cavaney said that as an industry that annually reinvests more than its total net income in the search for new energy supplies for consumers, it is important that elected leaders resist the temptation to burden the industry with confiscatory and discriminatory taxation schemes that would reduce the industry’s ability to make the reinvestments necessary to deliver future energy to American consumers.