News

WASHINGTON, March 24, 2010 – The American Petroleum Institute released the following statement today from its President and CEO Jack Gerard commenting on some media reports characterizing API’s position on the Kerry-Graham-Lieberman climate discussions:

WASHINGTON, March 23, 2010 —The American Petroleum Institute commented on the Senate Banking Committee’s markup of financial reform legislation:

WASHINGTON, March 18, 2010 – The American Petroleum Institute released the following statement today on EPA’s announcement that it will conduct a comprehensive research study to investigate the relationship between hydraulic fracturing and water quality:

WASHINGTON, March 17, 2010 - American Petroleum Institute President and CEO Jack Gerard had the following comment on preliminary results of Central Gulf Lease Sale 213, held in New Orleans, which received 642 bids on 468 leases, 34 percent higher than last year’s Central Gulf Lease Sale 208. The sale also garnered $949 million in high bids, up from $703 million in last year’s sale:

WASHINGTON, March 17, 2010 – Both U.S. gasoline production and gasoline demand reached all-time highs for a February, according to API’s Monthly Statistical Report, which reflects data from February 2010. February total motor gasoline deliveries (a measure of demand) rose 2.2 percent from 2009 to 2010, to stand at a record 9 million barrels per day, while finished gasoline production gained 0.4 percent, to hit a record February high of 8.8 million barrels per day. February gasoline (and components) imports fell 25.9 percent from a year ago, to 813,000 barrels/day.

WASHINGTON, March 10, 2010 - American Petroleum Institute President and CEO Jack Gerard issued the following statement following the meeting, in which he participated, between energy trade associations and Senators John Kerry, Lindsey Graham and Joe Lieberman on the climate change legislation they are preparing:

WASHINGTON, March 10, 2010 – The American Petroleum Institute released the following statement today on two letters (one from 20 governors; the other from 98 business groups) asking Congress to prevent the U.S. Environmental Protection Agency (EPA) from issuing greenhouse gas emission rules: