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WASHINGTON, December 13, 2007 – API issued the following statement:

“We applaud the Senate for recognizing the adverse effect that increased taxes would have had on future energy supplies. “The remaining legislation contains provisions which will enhance our nation’s energy security. However, we have serious concerns about elements of the bill regarding biofuels. We hope that these will be addressed in subsequent actions, including regulatory rule-making.”

WASHINGTON, December 13, 2007 – API issued the following statement:

“API is pleased that the Senate did the right thing by removing a tax title that would have threatened U.S. energy production and jobs. There are provisions promoting energy efficiency in the legislation that will enhance our nation’s energy security. However, we remain concerned by the unrealistic biofuels mandate. We look forward to a new, collaborative process to produce a truly balanced energy policy to strengthen America’s energy security.”

WASHINGTON, December 12, 2007 – API issued the following statement:

“The tweaks the Senate has made to the counterproductive House energy bill will do nothing to produce more, much-needed oil and natural gas supplies for American consumers. The tax provisions target the oil and natural gas industry to pay for costly, and, in some cases, unrealistic alternative energy programs. This will be at the expense of consumers who will still require significant amounts of oil and natural gas for decades to come. The combined impact of the tax provisions and a complicated, unworkable renewable fuels mandate will likely result in higher costs for consumers, job losses and less, not more, energy security for our nation.”

WASHINGTON, December 7, 2007 - President Red Cavaney urged U.S. senators to reject House energy legislation that "could result in serious harm" to the economy." "At a time of tight supply and demand, the legislation would do absolutely nothing to bring to the marketplace one more gallon of gasoline or diesel or one more cubic foot of natural gas. In fact, the opposite may be true," Cavaney wrote

WASHINGTON, December 6, 2007 – API issued the following statement:

“The House ducked the opportunity to craft balanced energy legislation that would ensure reliable energy supplies for American consumers. The tax provisions are counterproductive, making it more difficult to expand domestic oil and natural gas production and refining capacity while costing American jobs. By imposing an unrealistic mandate for a five-fold increase in renewable fuel use by 2022, the bill over-promises on the potential of renewables to reduce petroleum demand and is likely to significantly increase the cost to produce motor fuels. We urge the Senate to reject this unsound legislation."

WASHINGTON, December 5, 2007 - API President Red Cavaney sent a letter to members of the House of Representatives urging them to vote against pending energy legislation and begin work on a “new, collaborative process to produce a truly balanced energy policy for America’s future.” In the letter, Cavaney wrote: “At the beginning of the year we shared the hope of many Americans that Congress would, at last, pass a balanced energy bill that would lead to greater energy security for our nation in this time of extraordinary global challenges. However, we have now arrived at the conclusion that the energy legislation (HR 6) you will soon be asked to vote on falls far short of that goal.”

WASHINGTON, December 4, 2007 – API issued the following statement:

“The House bill does nothing to improve our nation’s energy security or ensure reliable energy supplies for American consumers. The $21 billion tax provision is counterproductive in that it takes capital away from expanding domestic oil and natural gas production and refining capacity. The renewable fuel title sets up a new crazy-quilt of boutique biofuels that will strain, and could break, the nation's fuel supply system. Our nation needs a balanced energy policy that promotes improved efficiency and production of all forms of energy."

WASHINGTON, November 16, 2007 – Fires caused by static electricity at the gasoline pump are no urban myth, but they are preventable if motorists follow all safe refueling practices when they top off their tanks.

WASHINGTON, November 14, 2007 – As October retail gasoline prices rose, supplies delivered to U.S. consumers for the month – an average of 9.35 million barrels per day – inched above those of a year ago by a modest 0.9 percent.  Meanwhile, overall domestic petroleum deliveries turned slightly down, led by a fall in distillate deliveries of more than 3 percent compared with strong October 2006 distillate numbers, API said today.

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