News

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 14, 2011 – American Petroleum Institute Upstream Director Erik Milito said President Obama’s weekly address could have gone further to capitalize on the opportunities available for American energy production, jobs and economic growth.

WASHINGTON, May 13, 2011 – API’s Vice President of Regulatory and Economic Policy Kyle Isakower criticized a study issued by the U.S. Congress Joint Economic Committee that claims raising taxes on the U.S. oil and natural gas industry would decrease the deficit:

Washington May 13, 2011 ─ Minnesota’s Building and Construction Trade Council and state’s Chamber of Commerce sent a letter to Secretary Hillary Clinton urging the State Department to immediately approve the Keystone XL Pipeline project to enhance America’s energy security.

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 12, 2011 ─ API today voiced support for an amendment by Texas U.S. Representative Mike Conaway (R-TX) to repeal Section 526 of the Energy Independence and Security Act (EISA) of 2007 that could preclude U.S. refiners from using crude oil derived from Canadian oil sands. Failure to repeal Section 526 will increase the nation’s dependence on imported oil, while jeopardizing thousands of American jobs that depend on the continued flow of Canadian oil, API said.

WASHINGTON, May 11, 2011 – Jack Gerard, President and CEO of the American Petroleum Institute, commented on a letter API sent to congressional leaders today – along with Mark Ayers, President of the AFL-CIO’s Building and Construction Trades Department – on behalf of the Oil & Natural Gas Labor Management Committee, warning that new taxes on oil and natural gas could endanger jobs, harm the economy and reduce energy security:

WASHINGTON, May 11, 2011 – API Executive Vice President Marty Durbin today expressed support for the U.S. House of Representatives vote in favor of producing more of America’s oil and natural gas resources, which would create more jobs and more revenue for our government.

WASHINGTON, May 10, 2011 – API President and CEO Jack Gerard said the legislation proposed by Senator Menendez and others to increase taxes by billions of dollars a year on U.S. oil and natural gas companies would hurt our economy and energy security. He urged Congress to reject it: