News

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.

WASHINGTON, May 9, 2011 — Brian Johnson, API’s senior tax advisor, today joined Americans for Tax Reform, the U.S. Chamber of Commerce, and the Small Business & Entrepreneurship Council to refute proposals in Congress to raise taxes on energy and what it could mean for American businesses, our economy, jobs, and gas prices.

WASHINGTON, May 5, 2011 – American Petroleum Institute Executive Vice President Marty Durbin today supported the House Natural Resources Committee’s efforts to focus on the need to produce more of America’s oil and natural gas resources, which would create more jobs for our workers and more revenue for our government.

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, May 3, 2011 – The U.S. oil and natural gas industry supports 9.2 million American jobs and 7.7 percent of the U.S. economy, according to a new study commissioned by API and conducted by PwC (PricewaterhouseCoopers LLP).

WASHINGTON, April 28, 2011 – As U.S. oil and natural gas companies begin to report their first quarter earnings this week, API President and CEO Jack Gerard said critics should put the information into perspective, recognizing the valuable contributions the oil and naturalgas industry provides to our nation:

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.