News

WASHINGTON, September 15, 2011 - Erik Milito, director of the American Petroleum Institute's upstream group, said today that the latest report by the National Petroleum Council (NPC) adds significant weight to API's belief in the enormous potential for oil and natural gas in North America.

WASHINGTON, September 15, 2011 – API Executive Vice President Marty Durbin told reporters today that more pro-development oil and natural gas policies could provide a major boost to the nation's economy and create more than one million jobs.He said the President's proposal to increase taxes on the industry in the administration's jobs plan would have the opposite result and ultimately result in lost jobs and revenue.Durbin said API would be providing its comparison of the two approaches to the budget super committee in Congress as well as to other policymakers and the public:

WASHINGTON, September 12, 2011 – API's President and CEO Jack Gerard said President Obama's jobs plan announced today ignores the vast potential of the oil and natural gas industry to create jobs:

WASHINGTON, September 8, 2011 – API President and CEO Jack Gerard called the president's jobs plan a 'missed opportunity' and said the oil and natural gas industry could create more than a million new jobs for Americans and more revenue for our government with a few sensible changes in national energy policy.

WASHINGTON, September 8, 2011 – As President Obama prepares to address Congress and the nation about his proposals for creating jobs, API released a copy of a letter it sent to President Obama last week reminding him that America's energy industry is critical to the success of any proposal to address the nation's unemployment problem.

WASHINGTON, September 7, 2011— Mike Doyle, the Executive Director of the New York State PetroleumCouncil, a division of API, cited the need for careful review of the community impacts supplement, released today by the New York State Department of Environmental Conservation (DEC):

WASHINGTON, September 7, 2011 – U.S. oil and natural gas policy changes could generate more than 1.4 million new jobs, $800 billion in additional government revenue, and 10 million barrels worth of added daily oil and natural gas production by 2030, according to a study by Wood Mackenzie released today by API. New jobs could be added in every state.

WASHINGTON, September 2, 2011 – API President and CEO Jack Gerard welcomed President Obama's decision to halt EPA's proposal to set a new, out-of-cycle ozone standard without any mandate or obligation:

With unemployment rates still high, the energy sector is poised to do its part to help get Americans back to work. API will release a report that will unveil how the energy sector can help provide more than one million new American jobs.

WASHINGTON, August 26, 2011 ─ API welcomed the U.S. State Department's final Environmental Impact Statement on the Keystone XL pipeline project and urged the agency to complete its national interest determination and issue permits for the pipeline without delay.