API President Jack Gerard's statement on the introduction of the American Energy Act in the House

WASHINGTON, June 10, 2009 – American Petroleum Institute President Jack Gerard issued the following statement on the introduction of the American Energy Act in the House:

“This bill recognizes that we need more of all sources of energy to meet growing demand. By developing the oil and natural gas resources in federal lands and waters off our coasts that had been off limits, Americans can benefit from nearly $2 trillion in additional revenue, thousands of new jobs and more domestic oil and gas supplies that will strengthen our energy and economic security.

Updated: June 10, 2009