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API: House energy policy will boost job creation and U.S. energy security

WASHINGTON, June 21, 2012 ─ American Petroleum Institute’s Executive Vice President Marty Durbin applauded the House passage of the Domestic Energy and Jobs Act which looks to increase responsible domestic energy production, create jobs and make the U.S. more energy secure.

“Greater access to domestic energy resources combined with smarter policies that boost our refining industry will benefit consumers in the long run,” said Durbin. “More home grown energy is good for all Americans.

“Our industry stands ready to create jobs and secure America’s energy future. Just look at what is happening in North Dakota, where energy production has revitalized that state’s economy. We can duplicate that success across the country, with smart energy policies.”

The legislation would establish an ‘all the above’ energy program for federal lands that would open up more areas for energy production while streamlining the permitting process.

“Efforts to increase leasing of federal lands and speed up the permitting process will result in faster job growth and drive economic growth in areas that need it,” Durbin said. “The quicker we put people to work the faster our economy will recover.”

More reliable oil from Canada via the Keystone XL pipeline should be part of any jobs and infrastructure plan, according to API.

“KXL will put thousands of Americans to work. It has and continues to be one of the greatest shovel-ready projects awaiting approval,” said Durbin. “We urge the transportation conferees to include the Keystone provision in the final Highway bill agreement. Unemployment remains high, now is not the time to deny good paying energy jobs.”

The bill also highlights the burden of over regulation on the refining industry. The legislation would require an interagency committee to conduct an analysis of the potential impact of specific policies on the domestic refining industry. It will pause the implementation of the Tier 3 fuel standards, refinery NSPS rules and ozone standards.

“We cannot have regulations that are solutions in search of a problem,” said Durbin. “Consumers should be informed about the costs certain regulations have on the price of producing gasoline and diesel.”

API thanked the House Republican leadership and sponsors who continue to help advance comprehensive energy legislation.

API represents more than 500 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America's energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers more than $86 million a day in revenue to our government, and, since 2000, has invested more than $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.
  • Economy
  • Jobs
  • Keystone XL
  • Ozone