News

WASHINGTON, August 11, 2011 – API President and CEO Jack Gerard welcomed the shale gas subcommittee’s acknowledgement of the economic and energy security benefits of natural gas development, but said the specific recommendations were disappointing and confusing.

WASHINGTION, July 15, 2011 – API President and CEO Jack Gerard today called on EPA Administrator Lisa Jackson to stop the agency’s out-of-cycle ozone review that could seriously set back our economic recovery and harm millions of unemployed Americans. Gerard called for the meeting with the EPA and was joined by a broad cross-section of business organizations. After the meeting, Gerard said:

WASHINGTON, July 15, 2011 – Oil well drilling activity increased in the second quarter 2011. According to API’s 2011 Quarterly Well Completion Report: Second Quarter, an estimated 6,595 oil wells were drilled in the second quarter of 2011. Overall, an estimated 10,939 oil wells, natural gas wells and dry holes were completed, up 14 percent from 2010’s second quarter and up 46 percent from 2009’s second quarter.

WASHINGTON, July 1, 2011—API’s President and CEO Jack Gerard today issued the following statement on the decision by the New Jersey legislature to issue a statewide ban on the use of hydraulic fracturing:

WASHINGTON, June 29, 2011 – API’s President and CEO Jack Gerard called for a course correction by the president to focus on jobs and increasing revenue to the government by developing American’s vast energy resources:

WASHINGTON, June 24, 2011 ─ Jack Gerard, API President & CEO, today calls for the White House to commit to a long term energy policy that will put thousands of Americans to work.

WASHINGTON, June 8, 2011 – Jack Gerard, President and CEO of the American Petroleum Institute, presented remarks to reporters this afternoon outlining a new API campaign aimed at educating policymakers and the public about the role the U.S. oil and natural gas industry could play in strengthening the nation’s economy and energy security. He presented a blueprint that shows the United States could meet 92 percent of its liquid fuel demand from secure sources by 2030, assuming appropriate policy changes:

WASHINGTON, June 6, 2011 – API urged approval of the Keystone XL pipeline in its comments on the State Department’s Supplemental Draft Environmental Impact Statement. API emphasized the proposed pipeline, which would operate using state-of-the-art technology, would have little impact on the environment and would deliver substantial employment and energy security benefits.

WASHINGTON, June 2, 2011 – The American Petroleum Institute applauded the Department of Energy’s dialogue on the development of America’s vast natural gas resources. API cautioned the Department not to stifle the development of one of the cleanest forms of energy through unneeded red tape.

WASHINGTON, May 24, 2011 – API Policy Advisor Allison Nyholm today issued the following statement regarding the United States Department of the Interior’s announcement for an advanced notice of proposed rulemaking on the simplification of royalties, which are one of the government’s largest sources of non-tax revenue: