News

WASHINGTON, August 3, 2010 — Senate leaders took the right step to shelve a flawed spill bill, and we look forward to working with lawmakers to improve the bill so that American taxpayers, domestic jobs, the economy and our economic security are protected, according to a statement by American Petroleum Institute President and CEO Jack Gerard:

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 23, 2010 – Reflecting the ongoing sluggish economic recovery, U.S. gasoline deliveries for the first half of 2010 averaged 8.88 million barrels per day, 0.6 percent lower than the corresponding period a year ago, according to the American Petroleum Institute’s Monthly Statistical Report for June.

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 21, 2010—The American Petroleum Institute welcomes today’s announcement that a new rapid response system to protect the Gulf of Mexico is under way from ExxonMobil, Chevron, ConocoPhillips and Shell.

Washington, July 21 – Voters in 10 key states oppose higher taxes on America’s oil and natural gas industry by a 2-to-1 margin, according to a new poll released today.  Both the administration and some members of Congress have recently proposed billions of dollars in new taxes on the industry.

WASHINGTON, July 15, 2010 — The financial reform bill, passed today in the Senate, while an improvement over earlier versions, still remains problematic, according to a statement by Misty McGowan, a director in the American Petroleum Institute’s federal relations department.

WASHINGTON, July 15, 2010 — API welcomed BP’s announcement that oil has stopped flowing from the Deepwater Horizon, according to a statement by American Petroleum Institute President and CEO Jack Gerard.

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: