News

WASHINGTON, April 21, 2010 – The American Petroleum Institute is deeply concerned about the rig accident in the Gulf of Mexico today, and our thoughts and prayers are with the workers and their families. API will continue its efforts working on behalf of its members and the industry to continuously assess and improve the safety of industry operations. It issued the following statement regarding the industry’s commitment to offshore safety:

WASHINGTON, April 21, 2010 – Two new studies commissioned by the American Petroleum Institute show that oil and natural gas companies paid the U.S. government more than $3 billion for leases under the 1995 Deep Water Royalty Relief Act, spent $37 billion to develop them, paid billions in production-related taxes, created thousands of jobs and pumped billions into the economy.

Published April 16, 2010

WASHINGTON, April 16, 2010 – U.S. refineries produced more gasoline this March – at 9.3 million barrels per day – than any previous month on record. March gasoline deliveries (a measure of demand) were higher – at 9.2 million barrels per day – than any previous March. The highest amount of gasoline ever delivered was 9.6 million barrels per day in July 2007. Total March deliveries of all products, including gasoline, distillate, kerosine-jet fuel, and residual fuel, rose 3.5 percent from a year ago.

WASHINGTON, April 14, 2010 – The American Petroleum Institute today announced the appointment of Linda Schoumacher Rozett as the oil and natural gas trade association’s new vice president of communications, effective immediately.

WASHINGTON, April 1, 2010 – The American Petroleum Institute released the following statement today on the rule the U.S. Environmental Protection Agency (EPA) joined the U.S. Department of Transportation (DOT) in issuing that would strengthen vehicle fuel efficiency standards:

WASHINGTON, March 29, 2010—The American Petroleum Institute issued the following statement on its lawsuit filed today with the U.S. Court of Appeals for the District of Columbia challenging the Environmental Protection Agency’s Renewable Fuel Standard 2 (RFS2) rule, finalized March 26. The rule, which missed Congress’ deadline by a year and a half, combines the 2009 and 2010 biomass-based diesel volumes and makes the entire rule retroactive to January 1, 2010:

WASHINGTON, March 25, 2010 - American Petroleum Institute President and CEO Jack Gerard commented on a bipartisan bill introduced today by Virginia Congressmen Bob Goodlatte, Glenn Nye, Robert Wittman, Rick Boucher, Frank Wolf, Tom Perriello, Eric Cantor and Randy Forbes to take legislative action to move forward with Lease Sale 220, an oil and natural gas lease sale offshore Virginia, originally scheduled for 2011, but put on hold by the Interior Department: