News

API: Permit process in Alaska’s Beaufort Sea shows need for greater efficiency WASHINGTON, August 4, 2011— API welcomed the news that Shell has finally received conditional approval from BOEMRE for its revised Exploration Plan for the company’s planned 2012 and 2013 drilling programs in the Alaska Outer Continental Shelf. Richard Ranger, a senior policy advisor at API, cautions that this is only a small step in what has been a multi-year permitting process:

WASHINGTON, August 2, 2011 – API President and CEO Jack Gerard made the following statement after Senate passage of the emergency bill to raise the debt ceiling:

HARRISBURG, August 1, 2011—Changing the city’s charter to ban an important source of energy, and limit possible economic growth and new jobs is the wrong direction for the Pittsburgh City Council, according to the Associated Petroleum Industries of Pennsylvania.

WASHINGTON, July 29, 2011 – A new study says that upcoming EPA requirements could raise the cost of manufacturing gasoline, lead to the closing of domestic refineries, and force the U.S. to double its gasoline imports – while causing increased carbon dioxide emissions.

WASHINGTON, July 28, 2011 – EPA has exaggerated the benefits of its proposed new ozone standards, according to a new study conducted by NERA Economic Consulting for API. EPA’s calculation of the health benefits of the standards in its regulatory impact analysis in 2010 are based on faulty assumptions, according to API Director of Regulatory and Scientific Affairs Howard Feldman.

WASHINGTON, July 27, 2011—API Executive Vice President Marty Durbin said that the oversight hearing on "State Perspectives on Offshore Revenue Sharing" in the House Committee on Natural Resources presented a promising discussion highlighting the opportunities available to increase production of American oil and natural gas resources and increase revenues for state and local governments.

WASHINGTON JULY 26, 2011 ─ API reiterated its support of the bipartisan North American-Made Energy Act to speed up the permitting process for the Keystone XL Pipeline to transport Canadian oil to the U.S. Gulf coast.

WASHINGTON, July 25, 2011 - The economic benefits provided to the nation by America's oil and natural gas industry far outstrip its earnings - and even rival the dollar value of the administration's 2009 stimulus package, said API's Vice President for Regulatory & Economic Policy Kyle Isakower in a media briefing today.

WASHINGTON, July 22, 2011 ─ API is encouraged to see the administration move the ball forward on the Keystone XL pipeline decision. The State Department is now entering the final phase of its environmental assessment and will schedule public hearings in several states along the pipeline route in September.

HARRISBURG, July 22, 2011—The Associated Petroleum Industries of Pennsylvania, a division of the American Petroleum Institute, welcomed the release of Governor Tom Corbett’s Marcellus Shale Advisory Commission’s recommendations. The Commission issued 96 individual recommendations governing all aspects of the development of the Marcellus Shale play.