News

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

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:

WASHINGTON, March 25, 2010 – Greenhouse gas emissions from the U.S. oil and natural gas industry declined more than 48 million metric tons of carbon dioxide equivalent from 2007 to 2008, a reduction comparable to taking 9.7 million cars off the roads, an American Petroleum Institute-sponsored study estimates.  Among the factors contributing to the reduction is more than $58 billion invested by the industry in low-carbon technologies from 2000 to 2008.

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.