News

WASHINGTON, August 3, 2010 — Senate leaders took the right step to shelve a flawed spill bill, and we look forward to working with lawmakers to improve the bill so that American taxpayers, domestic jobs, the economy and our economic security are protected, according to a statement by American Petroleum Institute President and CEO Jack Gerard:

WASHINGTON, July 21, 2010—Natural gas production in the Marcellus Shale region—if developed—could create 280,000 new American jobs and add $6 billion in new tax revenues to local, state and federal governments over the next decade, a new study released today finds.

WASHINGTON, June 30, 2010 – Senate proposals to place an unattainable level of insurance coverage on domestic energy production from the Outer Continental Shelf will cost the U.S. in terms of jobs, economic growth, and place our energy security at risk, according to the American Petroleum Institute.

WASHINGTON, May 27, 2010 –While understanding and correcting the causes of the Gulf of Mexico accident are essential, the American Petroleum Institute opposes lengthy or open-ended delay of offshore oil and natural gas development, as proposed today by the administration.  Offshore development is crucial to creating and saving jobs and strengthening U.S. energy security.  API’s President and CEO Jack Gerard offered this response to the president’s announcement:

WASHINGTON, May 18, 2010 — API President and CEO Jack Gerard Tuesday indicated support for President Obama’s decision to form a presidential commission to investigate the Gulf oil spill:

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, April 23, 2010 – The estimated number of U.S. oil and natural gas wells and dry holes completed in the first quarter of 2010 – 7,663 – was 24 percent lower than 2009, halting an uptick in completion well activity that began in the second half of 2009, API’s first-quarter drilling estimates indicate.

WASHINGTON, March 31, 2010 - American Petroleum Institute President and CEO Jack Gerard issued the following statement on the Interior Department’s Five-Year Plan:

WASHINGTON, January 6, 2010 - American Petroleum Institute President and CEO Jack Gerard issued the following statement on Interior Secretary Ken Salazar’s announcement that he would impose additional regulatory hurdles before allowing companies to drill for oil and gas on federal lands: