News

COLUMBUS, OHIO, February 4, 2013 – Increasing the severance tax on shale energy in Ohio, as Gov. John Kasich has proposed, will slow development and cost high-paying jobs, the Ohio Petroleum Council (OPC) said today.

ALBANY, N.Y., February 1, 2013 – Karen Moreau, executive director of the New York State Petroleum Council (NYSPC), announced the launch of a new campaign to promote bringing safe natural gas development and thousands of reliable, well-paying jobs home to New York.

WASHINGTON, January 31, 2013 – API criticized EPA for ignoring a recent court decision in its 2013 proposed mandate for nonexistent cellulosic biofuel.

WASHINGTON, January 30, 2013 – EPA sent new fuel regulations to the Office of Management and Budget for final review that would raise costs, provide little or no environmental benefit, and actually increase carbon emissions, according to API Downstream Group Director Bob Greco.

WASHINGTON, January 29, 2013 – Use of the ethanol gasoline blend E15 may endanger fuel systems in millions of 2001 and newer vehicles, API Group Director of Downstream and Industry Operations Bob Greco told reporters this morning, citing newly completed research by the Coordinating Research Council, an organization created and supported by the oil and auto industries.

WASHINGTON, January 25, 2013 – API welcomed today’s decision in the U.S. Court of Appeals that rejected EPA’s 2012 mandate for refiners to use cellulosic biofuel, which is not commercially available.

WASHINGTON, January 23, 2013 – Oil and natural gas company stocks outperform all other asset classes in college and university endowments, API Chief Economist John Felmy told reporters this morning in discussing a study for API conducted by the economic consulting firm Sonecon.

WASHINGTON, January 22, 2013 ─ American Petroleum Institute Executive Vice President Marty Durbin welcomed Governor Dave Heineman’s approval of the Nebraska Department of Environmental Quality’s assessment of the Keystone XL pipeline reroute in Nebraska.

WASHINGTON, January 18, 2013 – Total U.S. petroleum deliveries (a measure of demand) were down 2.0 percent for 2012 compared with 2011 – and were at the lowest annual level in 16 years. They also were down 2.1 percent in December against a year ago. Year over year declines were seen in all months in 2012 except for May. Monthly Statistical Report, Petroleum Facts at a Glance, Monthly Import Statistics for October 2012 (latest available).