News

WASHINGTON, May 3, 2006 – Nineteen pipeline companies representing 140,000 miles of the nation’s pipelines have signed up for the API/INGAA/AOPL public awareness survey program. The survey program is a response to new federal regulations that incorporate API standard RP 1162, Public Awareness Programs for Pipeline Operators. RP 1162 provides a framework for communication between pipeline companies and residents living and working along the pipeline route, emergency responders, public officials and excavators.

Washington, DC, April 26, 2006 - We understand the frustration that consumers have expressed about energy prices. We recognize that high energy prices are adversely impacting individual households and, potentially, our economy.

WASHINGTON, April 25, 2006 - America’s oil and natural gas industry welcomes the administration’s increased focus on the nation’s long-term and short-term energy issues. The industry’s one-hundred years of experience in motor fuels provides us with important insights in managing a complex fuels system in a way that insures consumers’ access to reliable and affordable energy supplies. We are working full-time to meet the energy needs of the nation’s consumers and to comply with environmental and fuel requirements in government regulations and laws.

WASHINGTON, April, 25, 2006 - The industry is doing all it can to meet consumer energy needs, but it cannot meet U.S. energy challenges alone, API President and CEO Red Cavaney wrote in a letter to members of Congress. In the April 24 letter, Cavaney said the nation’s energy policy needs to focus on increasing supplies, energy efficiency, and encouraging responsible development of alternative and nonconventional sources of energy.

WASHINGTON, April 21, 2006 - With the end of the federal oxygen mandate approaching, API data show a noticeable movement towards greater use of ethanol in gasoline. For example, by the first week of April, the ethanol-blended product's share of reformulated gasoline (RFG) had risen to 67 percent, up from 57 percent one year earlier.

WASHINGTON, April 19, 2006 - API today issued the following statement in response to requests by Sen. Charles Schumer, D-NY, and others, for investigations into the increase in the price of gasoline:

WASHINGTON, March 14, 2006 - Congress should resist repeating the mistakes of the past by punishing the oil and natural gas industry for a consolidation wave that was the result of economic pressures and regulatory requirements, the American Petroleum Institute (API) told Congress Tuesday.

WASHINGTON, March 10, 2006 – The American Petroleum Institute commends Interior Secretary Gale A. Norton for more than five years of strong leadership at the department that manages lands currently producing one-third of the oil and natural gas in the United States.

Columbus, Ohio, March 1, 2006 - API President and CEO Red Cavaney delivered a speech outlining the state of the U.S. oil and natural gas industry on March 1, 2006 at the 10th Annual Ohio Energy Management & Restructuring Conference in Columbus, Ohio.

WASHINGTON, February 23, 2006 – The American Petroleum Institute (API) today named Bob Greco to the post of Group Director, Industry Operations and Upstream. In this position, Greco will be responsible for managing oil and natural gas issues pertaining to exploration, production, marine and related industry operations. Greco will assume his new role at API effective March 1, 2006.