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WASHINGTON, February 20, 2007 – API today expressed confidence in the oil and natural gas industry’s ability to ensure energy supplies for future generations in the face of rising global demand. The industry trade association also urged lawmakers to support policies that promote energy efficiency, investment in and early adaptation of advanced energy technologies, and access to resources both in the United States and around the world.

WASHINGTON, February 13, 2007 – U.S. oil demand rose in January compared to year-earlier levels as falling pump prices and relatively clear driving conditions boosted gasoline use. Demand for jet fuel and distillate fuel oil also posted year-on-year increases, data compiled by the American Petroleum Institute show.

WASHINGTON, January 23, 2007 – API today issued the following statement in reaction to President Bush’s State of the Union address:

WASHINGTON, January 19, 2007 – Higher fuel prices and mild winter weather led to lower U.S. oil demand in 2006 even as economic growth bolstered diesel fuel use, API reported in its year-end Monthly Statistical Report.

WASHINGTON, January 18, 2007 - U.S. API President and CEO Red Cavaney urged Congress to take a measured approach to energy policy. Cavaney told the "State of the Energy Industry" forum, sponsored by the United States Energy Association, that "it is better to get energy policy right than to get it fast but potentially harmful." He also said that the "long lead-times, massive investments, and enormous scale of operations mean government decisions on energy policy can have a profound impact in shaping future energy circumstances."

WASHINGTON, January 18, 2007 - API issued the following statement today following House approval of HR 6 that would increase taxes on U.S. oil and natural gas companies: "HR 6 is a repeat of failed energy legislation and is a disappointment for all Americans who want to insure a secure energy future. Punitive taxes on the U.S. oil and natural gas industry are ultimately anti-consumer and contrary to the goal of providing stable and cost-effective supplies."

WASHINGTON, January 16, 2007 – API today issued the following statement regarding House bill HR 6 that would increase taxes on U.S. oil and natural gas companies: