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WASHINGTON, October 15, 2010 – U.S. petroleum demand strengthened for all key refined products in September, indicating a shift from economic stagnation to economic recovery, according to the American Petroleum Institute’s Monthly Statistical Report for September.
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WASHINGTON, October 13, 2010 – The EPA today issued a decision to increase the amount of ethanol allowed in gasoline from 10 percent (E10) to 15 percent (E15) for 2007 and newer vehicles. This regulation was issued prior to the completion of tests being carried out by the oil and auto industries. API’s Director of Downstream Operations, Bob Greco, made the following statement
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WASHINGTON, October 12, 2010 — The American Petroleum Institute, while pleased that the moratorium has been lifted, expressed concern today that a de facto moratorium could be created by delays in the processing and approval of permits, which will reduce production, government revenues and American jobs, according to a statement by API President and CEO Jack Gerard:
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Estimated crude and products imports to the U.S. from leading supplier countries.
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September 2010
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WASHINGTON, September 30 – API upstream director Erik Milito said the Department of the Interior should ensure its interim final offshore rule, which was issued today, establishes an effective process to improve safety performance while providing the framework needed for companies to get approval from the government for exploration and development projects. He said API would review the rule and provide analysis during the comment period. He also called for ending the deepwater moratorium:
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WASHINGTON, September 29, 2010 — Citing the need to protect U.S. jobs and America’s energy security, the American Petroleum Institute and two other organizations today filed a petition in federal court asking to intervene on the side of the Pentagon in a case challenging its use of fuels derived from Canadian oil sands crude oil.
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WASHINGTON, September 28 – With the moratorium on Gulf of Mexico drilling still in place and Congress still in session, the American Petroleum Institute this week said it is extending its online “Rally for Jobs” march on Washington.
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WASHINGTON, September 17, 2010 – U.S. gasoline demand during the peak summer driving season, which runs from June through August, was at its lowest since 2008, according to the American Petroleum Institute’s Monthly Statistical Report for August. At 9.22 million barrels per day, summer 2010 gasoline deliveries were 0.25 percent lower than 2009, but 1 percent higher than 2008. The previous summer low was 8.8 million barrels per day in 2000.
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WASHINGTON, September 16, 2010 – Today’s hearing by the Senate Committee on Small Business and Entrepreneurship offered strong bipartisan concerns that the deepwater drilling moratorium is harming the Gulf region and weakening our nation’s energy security. API’s President and CEO Jack Gerard offered this reaction after the hearing:
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