News

WASHINGTON, February 23, 2012 – In remarks to reporters this morning, API’s President and CEO Jack Gerard, strongly urged the administration to act to encourage more domestic oil and natural gas development, which it says it supports, in order to help put downward pressure on prices, strengthen energy security, create jobs and increase revenue to the government:

WASHINGTON, February 22, 2012 – In remarks to reporters this morning, API’s Chief Economist John Felmy, said the nation must develop more of its own oil and natural gas and allow more oil imports from energy-rich Canada to increase America’s energy security and help address higher gasoline prices.

WASHINGTON, February 17, 2012 – Total petroleum deliveries (a measure of demand) fell 5.7 percent this January compared with January 2011 to just over 18 million barrels per day. Gasoline deliveries slipped 0.2 percent to 8.4 billion barrels per day.  Monthly Statistical Report, Petroleum Facts at a Glance, Monthly Import Statistics for November 2011(latest available)

WASHINGTON, January 20, 2011 – Total petroleum deliveries (a measure of demand) fell 1.2 percent to an average of 18.9 million barrels a day in 2011 compared with 2010.Except for 2008, this was the largest drop in annual domestic deliveries over the past decade.

WASHINGTON, January 18, 2012 – API President and CEO Jack Gerard called on the administration and Congress to start making the right choices on energy if they want to put the nation on track for more economic growth and job creation.