News

WASHINGTON, April 3, 2009 - In a letter to Congress, API president and CEO Jack Gerard stresses that, if we are to get America back on the road to economic recovery, it is vital that we meet the energy needs of U.S. consumers today and in the future.

WASHINGTON, April 2, 2009 – The American Petroleum Institute today issued the following statement on the U.S. Geological Survey increasing by 53 percent the resource estimate for Piceance Basin oil shale:

WASHINGTON, April 4, 2009 - API, a nationwide trade association representing all aspects of America‟s oil and natural gas industry, supports a realistic and workable renewable fuels standard (RFS).

WASHINGTON, March 18, 2009 – American Petroleum Institute President Jack Gerard today issued the following statement on Central Gulf of Mexico Lease Sale 208, held in New Orleans, that received $703 million in high bids:

WASHINGTON, March 18, 2009 – API released the following statement today in response to a news report citing an estimate from an Obama Administration official for much higher cap-and-trade costs:

WASHINGTON, March 18, 2009 – While U.S. gasoline demand (measured as deliveries) ticked up 2 percent for February, perhaps in response to lower prices, February diesel demand plunged 12 percent and jet fuel demand dropped 6.6 percent from a year ago, reflecting the faltering economy, according to API’s Monthly Statistical Report.

WASHINGTON, March 11, 2009 – American Petroleum Institute issued the following statement by President Jack Gerard today regarding the Department of Interior’s decision to establish renewable energy zones: