News

WASHINGTON, February 24, 2011 – A new study, showing important advantages to the U.S. economy and energy security, highlights the tremendous domestic energy resources waiting to be developed in Alaska’s outer continental shelf (OCS). These resources are a vital link to America’s future, according to the oil and natural gas industry.

WASHINGTON, February 14, 2011 – API President and CEO Jack Gerard said raising taxes on the oil and natural gas industry, as the administration is proposing in its budget, would harm job creation and lower government revenues long term:

WASHINGTON, January 27, 2011 – API called on the U.S. Department of State today to approve the Keystone pipeline project as soon as possible “as a matter of critical national interest.” The pipeline, which would be built by TransCanada Corporation, would be part of a pipeline system bringing oil from Alberta’s oil sands region in Canada to U.S. refineries.

WASHINGTON, January 25, 2011 - American Petroleum Institute President and CEO Jack Gerard said President Obama's State of the Union address tonight missed an opportunity to highlight real job creation and economic recovery opportunities.

WASHINGTON, January 25, 2011 – Long-term Gulf of Mexico deepwater development could be seriously jeopardized if permitting timelines are extended, according to a new analysis by Wood Mackenzie. The study projects nearly one-third of U.S. deepwater production could be rendered uneconomic, which could significantly impact deepwater production, resulting in less energy production, less investment and less revenue to government.

WASHINGTON, January 4, 2011 – Increased access to domestic oil and natural gas—rather than increased taxes on the U.S. oil and natural gas industry—is the best strategy for increasing government revenue, jobs and energy production, a new study by Wood Mackenzie concludes.