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Administration rules hamper energy development and jobs

WASHINGTON, September 25, 2012 – API Director of Upstream Erik Milito and API Director of Regulatory and Scientific Affairs Howard Feldman told reporters this morning that the administration’s policies on improving regulations and encouraging domestic oil and natural gas development continue to hamper energy production and job creation and threaten to leave the nation with a less secure energy future:

Erik Milito: “We have seen numerous examples of regulatory decisions that simply move in the wrong direction and that contribute to uncertainty and inefficiency. These include the administration’s status quo five-year plan for offshore development, its decisions to withdraw and delay the issuance of leases for federal onshore lands, its decision to redo its commercial oil shale regulations, its policies on “Wild Lands” and categorical exclusions, its delayed action on seismic activity in the Atlantic, and, of course, its failure to approve the Keystone XL pipeline. Smart and cost-effective regulatory programs can help drive the country forward by boosting jobs, generating much-needed revenue, and enhancing energy security. This is the approach we need for our onshore and offshore federal leasing programs.”

Howard Feldman: “This is a global industry. Domestic refineries compete in a global marketplace. Now is not the time to impose still more requirements unless the need is indisputable. Yet that is exactly what the administration seems bent on doing. A slew of new rules, applicable only to U.S. refineries but not their competitors overseas, threaten to put some U.S. refiners out of business, diminish U.S. fuel manufacturing capacity, and increase our reliance on imported fuels. Addressing our environmental challenges is not discretionary. We get that. But with so great a burden already being shouldered, America’s refineries don’t need excessively costly regulations that do not account for progress already made, regulations without a sound science-based justification, or regulations for the sake of regulations. Our industry supports 9.2 million jobs. With the right policies, it can preserve those and create many more. The administration needs to take its ideological blinders off and not squander this opportunity.”

API is a national trade association that represents all segments of America’s technology-driven oil and natural gas industry. Its more than 500 members – including large integrated companies, exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms – provide most of the nation’s energy. The industry also supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers $86 million a day in revenue to our government, and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.
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  • Exploration
  • Jobs
  • Keystone XL