News

WASHINGTON, July 30, 2010 — The House spill bill that passed today will cost American jobs, slow economic growth and will place our energy security at risk, according to a statement by American Petroleum Institute President and CEO Jack Gerard:

WASHINGTON, July 27, 2010 — The Senate bill unveiled today by Majority Leader Harry Reid moves forward with provisions that will cost American jobs, slow economic growth and will place our energy security at risk, 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, July 15, 2010 — The House Resources Clear Act, which was marked up today and which seeks to penalize the entire oil industry for the Deepwater Horizon spill, if passed, would threaten American jobs, the nation’s economy and its energy security, according to a statement by American Petroleum Institute President and CEO Jack Gerard:

WASHINGTON, July 12 –The Interior Department’s new moratorium on deepwater drilling is not necessary for safety and will cost jobs, harm the Gulf region and weaken our nation’s energy security.  API’s President and CEO Jack Gerard offered this reaction to the new policy:

WASHINGTON, July 8, 2010 – The American Petroleum Institute urged the U.S. Court of Appeals to uphold Judge Feldman’s decision to stay the federal moratorium on deepwater offshore drilling.

WASHINGTON, D.C., July 2 – With Congress expected to consider energy legislation this summer, some are suggesting that any new programs be paid for with new taxes on the oil and natural gas industry.  As the nation struggles to recover from recession, further taxes on an industry that supports 9.2 million jobs and 7.5 percent of our GDP could have a devastating effect on our jobs, economic recovery and our energy security, according to the leading oil and natural gas trade association.

WASHINGTON, June 17, 2010 – In testimony prepared for today's Subcommittee on Energy and Mineral Resources of the House Committee on Natural Resources, API Upstream Director Erik Milito said the oil and natural gas industry is committed to meeting the public’s expectations for safe and reliable production of the nation’s critical energy needs.

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: