News

WASHINGTON, November 16, 2012 – Total U.S. petroleum deliveries (a measure of demand) were down 2.3 percent from October a year ago but increased 1.3 percent from this past September to 18.4 million barrels per day. Petroleum demand year to date was down 2.1 percent compared with a year ago. Demand for October 2012 was the lowest for any October since 1995. Monthly Statistical Report, Petroleum Facts at a Glance,Monthly Import Statistics for August 2012 (latest available).

WASHINGTON, November 15, 2012 – API Executive Vice President Marty Durbin told reporters this morning that American voters have shown strong support for building the Keystone XL pipeline and that the project represents an early and major opportunity for President Obama to boost job creation and spur economic growth.

WASHINGTON, November 13, 2012 – API Senior Director of Federal Relations Khary Cauthen told reporters this morning that targeting the U.S. oil and natural gas industry for higher taxes could discourage new development, costing jobs, energy production, and eventually even revenue to the government.

WASHINGTON, November 12, 2012 – API Chief Economist John Felmy said today’s IEA report reaffirms that record U.S. domestic oil and natural gas resources are a big opportunity to create jobs and government revenue that no one predicted even ten years ago.

WASHINGTON, November 9, 2012 – The SEC has denied API’s request to stay a rule to implement Section 1504 of Dodd-Frank , which is already imposing massive compliance costs and competitive harm on U.S. oil and gas companies.

WASHINGTON, November 8, 2012 – API President and CEO Jack Gerard told reporters this morning that energy was a big winner in the election. Energy became a high-profile issue during the campaign, and President Obama declared his support for more U.S. oil and natural gas development, putting him in agreement with most voters.

Washington, D.C., November 8, 2012 – Strong majorities of voters support increased access to domestic oil and natural gas resources, regardless of party affiliation, gender or age, according to a new Harris Interactive poll released by the American Petroleum Institute.

WASHINGTON, November 7, 2012 – API President and CEO Jack Gerard congratulated President Obama on his re-election, saying he looks forward to continuing API’s work with the administration to expand domestic oil and natural gas as major pathway for job creation and economic growth.

WASHINGTON, October 25, 2012 – American Petroleum Institute President and CEO Jack Gerard told attendees at a Vote 4 Energy event in the nation’s capital that developing America’s oil and natural gas resources could put millions of Americans to work and help sustain a strong economy for generations.

WASHINGTON, October 23, 2012 – API President and CEO Jack Gerard said today that the latest report by IHS Global Insight shows development of America’s unconventional oil and natural gas resources could create nearly 2 million new jobs over the next two decades, reawaken American manufacturing, and provide massive revenues to the government.