News

WASHINGTON, July 22, 2011 – Total petroleum deliveries (a measure of demand) rose in June compared with May and with June a year ago and were up 1.9 percent for the first six months of 2011 over the same period in 2010. Gasoline demand was nearly flat compared with June a year ago, but up from both April 2011 and May 2011. Ultra-low sulfur diesel demand continued to register strong numbers over 2010, achieving a record high

WASHINGTON, July 20, 2011 – The U.S. oil and natural gas industry has significantly improved offshore safety, stated Erik Milito, the group director of upstream and industry operations at API, in testimony he delivered to the Senate Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard today. Milito said that safety and offshore energy development in the Gulf can go hand in hand.

WASHINGTON, July 19, 2011 – EPA’s proposed new ozone standards would damage America’s economy and eliminate millions of jobs, API President and CEO Jack Gerard said at a Business Roundtable press conference today. He said the standards would harm businesses and consumers, especially energy producers and energy consumers.

WASHINGTION, July 15, 2011 – API President and CEO Jack Gerard today called on EPA Administrator Lisa Jackson to stop the agency’s out-of-cycle ozone review that could seriously set back our economic recovery and harm millions of unemployed Americans. Gerard called for the meeting with the EPA and was joined by a broad cross-section of business organizations. After the meeting, Gerard said:

WASHINGTON, July 15, 2011 – Oil well drilling activity increased in the second quarter 2011. According to API’s 2011 Quarterly Well Completion Report: Second Quarter, an estimated 6,595 oil wells were drilled in the second quarter of 2011. Overall, an estimated 10,939 oil wells, natural gas wells and dry holes were completed, up 14 percent from 2010’s second quarter and up 46 percent from 2009’s second quarter.

WASHINGTON, July 11, 2011 – Almost 190,000 new jobs could be created in 2013 if permitting in the Gulf of Mexico for offshore development returned to levels before the Obama administration’s moratorium, a study by Quest Offshore Resources, Inc., says. The study, "United States Gulf of Mexico Oil and Natural Gas Industry Economic Impact Analysis," also projects a 71 percent increase in Gulf development spending to $41.4 billion and a 70 percent increase in economic activity related to Gulf development to $44.5 billion.

WASHINGTON, July 8, 2011 -- American Petroleum Institute President and CEO Jack Gerard made the following statement on President Obama’s response to disappointing job numbers and ongoing discussions towards agreement on the debt ceiling:

WASHINGTON, July 6, 2011—The American Petroleum Institute today welcomed legislation introduced by Virginia Democratic Senators Mark Warner and Jim Webb calling for a lease sale off Virginia’s coast with lease revenue to be shared with the state.

WASHINGTON, July 1, 2011—API’s President and CEO Jack Gerard today issued the following statement on the decision by the New Jersey legislature to issue a statewide ban on the use of hydraulic fracturing:

WASHINGTON, July 1, 2011—API’s President and CEO Jack Gerard criticized the recommendation by the Department of Environmental Conservation to New York Gov. Andrew Cuomo to allow hydraulic fracturing in the state as an inadequate step toward making New York State a leader in the responsible production of natural gas.