News

WASHINGTON, December 1, 2010 — American Petroleum Institute President and CEO Jack Gerard warned that the administration’s decision today could result in the loss of tens of thousands of American jobs, billions less in government revenues and an increasing dependence on foreign energy sources:

WASHINGTON, November 30, 2010 — The American Petroleum Institute (API) today issued the following statement prior to today’s forum on hydraulic fracturing hosted by the U.S. Interior Department. According to API Senior Economist Sara Banaszak, hydraulic fracturing is a critical process for accessing our domestic natural gas resources:

WASHINGTON, November 30, 2010 — John Felmy, chief economist of the American Petroleum Institute (API), questioned the New York State legislature's approval of a bill to put a moratorium on natural gas drilling in the state:

Input to DOI regarding proposed Ocean Energy Safety Institute

WASHINGTON, November 17, 2010 – The American Petroleum Institute, together with the American Exploration & Production Council, the Independent Producers Association of America, the International Association of Drilling Contractors, the National Ocean Industries Association and the U.S. Oil & Gas Association sent a letter to the chairmen and ranking members of the House and Senate Appropriations Full and Subcommittee, asking Congress to provide additional resources to the Bureau of Ocean Energy Management, Regulation, and Enforcement to increase staff, training and inspectors. API President and CEO Jack Gerard commented:

WASHINGTON, October 12, 2010 — The American Petroleum Institute, while pleased that the moratorium has been lifted, expressed concern today that a de facto moratorium could be created by delays in the processing and approval of permits, which will reduce production, government revenues and American jobs, according to a statement by API President and CEO Jack Gerard:

WASHINGTON, September 16, 2010 – Today’s hearing by the Senate Committee on Small Business and Entrepreneurship offered strong bipartisan concerns that the deepwater drilling moratorium is harming the Gulf region and weakening our nation’s energy security.  API’s President and CEO Jack Gerard offered this reaction after the hearing:

WASHINGTON, September 7, 2010 — Two U.S. oil and natural gas industry task forces presented recommendations today to the Department of the Interior on preventing oil spills, enhancing oil spill response and improving subsea well control. The recommendations are part of a comprehensive effort by the industry to strengthen all aspects of offshore safety, while continuing to produce energy and create jobs for Americans.

WASHINGTON, August 26, 2010 — Erik Milito, head of the American Petroleum Institute’s upstream group, wholeheartedly agrees with the Bipartisan Policy Center’s conclusion that new rules issued in June by the Interior Department provide an “adequate margin of safety to allow the resumption of deep-water drilling.”

WASHINGTON, August 12, 2010 – API Upstream Director Erik Milito told a joint committee of the National Academy of Engineering and the National Research Council today that the U.S. oil and natural gas industry is improving industry standards to strengthen deepwater development safety