News

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 - 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, 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.

WASHINGTON, August 28, 2008 - API today issued a statement regarding the suit it filed in U.S. District Court for the District of Columbia.

WASHINGTON, August 25, 2008 – API has issued a statement on U.S. House Speaker Nancy Pelosi’s remarks August 24 on Meet the Press that “Big Oil” was “not paying royalties to the taxpayer” for production on federal lands and Outer Continental Shelf waters.

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

WASHINGTON, August 13, 2008 –  For the first seven months of 2008, U.S. oil demand declined to a five-year low compared with the same period in previous years, API said today in its Monthly Statistical Report. For the January-through-July period, total petroleum deliveries (a measure of demand) fell 3.6 percent from a year ago while gasoline deliveries declined more than 2 percent.

WASHINGTON, July 21, 2008 - James F. Justiss Jr., the president and chairman of Justiss Oil Company Inc., is the recipient of the API 2008 Gold Medal for Distinguished Achievement. The award, API’s highest honor, recognizes leaders who have made substantial contributions to the oil and natural gas industry throughout their careers.

WASHINGTON, July 18, 2008 – U.S. oil demand was significantly down for the first six months of 2008, API said today in its Monthly Statistical Report.  While U.S. refiners churned out record and near-record amounts of oil products, imports – especially product imports -- fell substantially.

WASHINGTON, July 16, 2008 - API president and CEO Red Cavaney explains that, "if we, in the United States do get our energy house in order in meeting our energy needs here at home and enhancing our energy relationships throughout the world, we will abdicate our leadership in global energy. Rather than being one of the drivers of global energy development, we will be increasingly driven by those developments."