News

WASHINGTON, November 18, 2008 - API President Jack Gerard's Letter to Congress on API's continued commitment to work with new administration.
As the new president and chief executive officer of the American Petroleum Institute, I want to pledge API’s continued commitment to work with the Congress to ensure future energy security and economic prosperity for the United States.

WASHINGTON, November 12, 2008 – The American Petroleum Institute today issued the following statement regarding the International Energy Agency report:

“The report issued today by the International Energy Agency (IEA) underscores the pressing need to do all we can in the United States to develop our own oil and natural gas resources.

WASHINGTON, November 5, 2008 – The American Petroleum Institute today issued the following statement from API President and CEO Jack Gerard:

“America’s oil and natural gas industry looks forward to working with President-elect Barack Obama and Congress to deliver a comprehensive and realistic energy policy that encourages development of all domestic energy sources, including oil and natural gas, for the benefit of consumers.

SCOTTSDALE, Arizona, October 20, 2008 – The API Board of Directors on Monday elected J. Larry Nichols, chairman and chief executive officer of Devon Energy Corporation, as chairman of API’s board, effective Jan. 1, 2009. The board also approved Jack N. Gerard as the new president and chief executive officer of API, effective Nov. 1.

WASHINGTON, October 15, 2008 – Total U.S. petroleum deliveries (a measure of demand) fell substantially for September and for the third quarter 2008 as Gulf Coast storms depressed offshore production and refinery output.  Inventories of crude and most products also fell.

October 1, 2008 Red Cavaney, who will retire from his position as president and chief executive officer of API on October 31, 2008, will become senior vice president, Government & Public Affairs of ConocoPhillips in November 2008. See complete ConocoPhillips news release: ConocoPhillips Announces Senior Management Changes.

WASHINGTON, September 29, 2008 – In letter to members of Congress, API President and CEO Red Cavaney stated that if the right actions are taken in moving forward, it will mean more ample and secure energy supplies for the American people, more U.S. jobs, and less reliance on imported oil.  If the United States doesn’t take steps to control its energy destiny, it puts at risk a better future for current and future generations. Large domestic supplies of oil and natural gas are critical to our energy future.

WASHINGTON, September 28, 2008 - The nation’s oil and natural gas industry is working diligently to get the energy infrastructure in the Gulf Coast region restarted and running at normal capacity.

WASHINGTON, September 15, 2008 - API President and CEO Red Cavaney summarizes the oil and natural gas industry’s recovery efforts following Hurricane Ike. View video of press conference.

WASHINGTON, September 12, 2008 - API issued a statement on the September 12 Government Accountability Office (GAO) report on the U.S. oil and natural gas royalty regime.