News

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, June 1, 2011 – Citing the potential for major damage to the nation’s economy, the American Petroleum Institute today expressed frustration that the Environmental Protection Agency has not gone far enough to ease the burden of unreasonable regulations on American businesses.

WASHINGTON, May 26, 2011 – API Executive Vice President Marty Durbin today welcomed the President’s actions to curb unnecessary regulations on American businesses but called EPA’s response plan "inadequate." He cited EPA’s greenhouse gas and ozone regulations as two of the biggest threats to the U.S. economy:

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:

WASHINGTON, May 24, 2011 – America’s oil and natural gas industry is working hard to ensure the highest level of safety in offshore drilling operations, American Petroleum Institute President and CEO Jack Gerard told a Portland, Oregon audience on Tuesday.

WASHINGTON, MAY 23, 2011 ─ The bipartisan, North American-Made Energy Act, that would approve the Keystone XL Pipeline by November 1, is an important driver of U.S. economic growth and job creation, according to API.

WASHINGTON, May 20, 2011 – A strong increase in distillate fuel demand this April over a year ago drove an overall rise in petroleum product demand. Distillate demand was up 15.2 percent while overall petroleum product demand was up 5.2 percent. As gasoline prices rose 24 cents a gallon from March, gasoline demand faltered, falling 2.2 percent compared with April 2010 and declining for the first time in three months.

WASHINGTON, May 18, 2011 – API’s Executive Vice President Marty Durbin said Senator McConnell’s offshore production and safety bill (S.953) is pushing the nation’s energy debate in a more constructive direction:

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: