News

WASHINGTON, May 18, 2011 – American Petroleum Institute President and CEO Jack Gerard told a Los Angeles audience on Tuesday that the U.S. oil and natural gas industry is ready to invest more, create more jobs, increase government revenue and produce more energy, but that it can only do so with more access to the nation’s energy resources.

WASHINGTON, May 17, 2011 – API’s Executive Vice President Marty Durbin welcomed the result of the procedural vote on the S.940 tax bill. He said it should provide an opportunity for Congress to now move in a more constructive direction on energy:

WASHINGTON, May 17, 2011 – The American Petroleum Institute today issued the following statement regarding Senators Claire McCaskill and Charles Schumer's letter to the Federal Trade Commission review of refinery capacity and alleged concerns over market manipulation.

WASHINGTON, May 16, 2011 – American Petroleum Institute Upstream Director Erik Milito today urged the U.S. Department of Energy to rely upon the robust best practices already in place for natural gas and hydraulic fracturing activities

WASHINGTON, May 12, 2011 – Jack Gerard, President and CEO of the American Petroleum Institute, said the Senate oil and natural gas company CEO hearing today focused on a failed policy prescription that would move the nation in the wrong direction on energy:

WASHINGTON, May 10, 2011 – More than 20 American refinery workers from at least a dozen states are on Capitol Hill this week to meet with policymakers about the critical importance of America’s refineries to the nation’s economy and energy security. The group will visit with members of Congress, their staffs and administration officials to discuss their experiences, their contributions to their communities, and the impact of energy policy on their ability to compete globally.

Houston, Texas, May 03, 2011 ― A new independent, industry managed, non-profit standards body – known as PIDX, Inc. – has been established to replace API’s Petroleum Industry Data Exchange (PIDX) Committee, which was created in 1987. The new non-profit will be committed to the development and maintenance of global eBusiness standards for the oil and natural gas industry.

WASHINGTON, April 25, 2011 – Oil and natural gas company holdings in Ohio pension funds are providing disproportionately strong returns for retirees, according to a new study by Sonecon, commissioned by API. While oil and natural gas stocks make up 4.6 percent of public pension holdings in Ohio, they accounted for 9.5 percent of the returns in these accounts from 2005 to 2008.

WASHINGTON, April 25, 2011 – Oil and natural gas company holdings in Ohio pension funds are providing disproportionately strong returns for retirees, according to a new study by Sonecon, commissioned by API. While oil and natural gas stocks make up 4.6 percent of public pension holdings in Ohio, they accounted for 9.5 percent of the returns in these accounts from 2005 to 2008.

WASHINGTON, April 25, 2011 – Oil and natural gas company holdings in Missouri pension funds are providing disproportionately strong returns for retirees, according to a new study by Sonecon, commissioned by API. While oil and natural gas stocks make up 2.8 percent of public pension holdings in Michigan, they accounted for 7.6 percent of the returns in these accounts from 2005 to 2008.