WASHINGTON, February 12, 2008 - In a letter to Congress, API President and CEO Red Cavaney said energy tax legislation would hurt future U.S. energy security, impose a harmful tax increase on the economy and hurt millions of hard-working Americans whose retirement or private accounts are invested in publicly traded oil and natural gas companies. For more information,
see also Petroleum Facts at a Glance and Monthly Import Statistics for October 2007 (latest available).