News

WASHINGTON, September 12, 2008 - In letters to members of the Senate and House leadership, API President and CEO Red Cavaney said the oil and natural gas industry has “grave concerns” about the potential effects of separate energy bills proposed in each chamber.

WASHINGTON, August 14, 2008 - API President and CEO Red Cavaney expressed opposition to an energy proposal set out by the “Group of 10” senators.

PALM BEACH, May 19, 2009- API President and CEO Red Cavaney told the Forum Club of the Palm Beaches that the U.S. could not meet its energy challenges if it did not understand the solutions to overcome those challenges. "We must recognize the critically important link between energy policy and investment. If oil and natural gas companies are to attract the investment they need to meet America’s energy needs, our nation must get its energy policy aligned with realities – that is essential to shaping a favorable climate that will attract investment," Cavaney said. "Our industry stands ready to play a constructive role with both government and consumers in developing an energy and climate change policy that ensures economic prosperity, jobs, and a secure energy future for both Florida and for our nation, in general."

WASHINGTON, March 12, 2008. – API issued the following statement on Sen. Collins’ amendment to fund alternative energy with higher taxes on the U.S. oil and natural gas industry:

WASHINGTON, February 26, 2008 – API issued the following statement on proposed tax legislation in the House targeting the oil and natural gas industry:

WASHINGTON, February 12, 2008 - In a letter to Congress, API President and CEO Red Cavaney said energy tax legislation would hurt future U.S. energy security, impose a harmful tax increase on the economy and hurt millions of hard-working Americans whose retirement or private accounts are invested in publicly traded oil and natural gas companies.