News

WASHINGTON, May 13, 2010 — Congressional action to raise the limit on the oil spill liability trust fund by more than 10,000 percent could threaten the economic viability of all Gulf of Mexico operations, according to a statement by American Petroleum Institute President and CEO Jack Gerard:

WASHINGTON, April 26, 2010 – Nearly 70 American oil and natural gas workers from 15 states are on Capitol Hill this week to talk with policymakers about the potential of America’s vast shale gas resources and the importance of a strong domestic oil and natural gas industry to the nation’s economic future and job creation. Geologists, petroleum engineers, landmen, rig workers and others from Pennsylvania, West Virginia, New York, Indiana, Texas, Louisiana, Ohio and beyond — all active, contributing members of their communities and their states — are taking the opportunity to talk about the industry’s capacity to grow jobs and produce the energy needed to drive our nation’s economy.

WASHINGTON, January 15, 2010 – Total petroleum deliveries (a measure of demand) for December inched up 0.6 percent from December 2008, reflecting an improved economy and possibly increased demand from colder weather. December deliveries, which averaged 19.3 million barrels per day, outpaced both four-quarter average deliveries of 19.0 million barrels per day and full-year average deliveries of 18.7 million barrels per day.