News

WASHINGTON, August 1, 2012 - The American Petroleum Institute (API) pointed to new evidence that supports increased oil and natural gas development in a report by the National Petroleum Council (NPC) that finds significant technology and infrastructure hurdles remain for advancing alternative transportation fuels.

WASHINGTON, July 30, 2012 ─ The American Petroleum Institute urged the State Department to move forward swiftly on its review of the Keystone XL pipeline, in comment submitted today.

WASHINGTON, July 26, 2012 – API President and CEO Jack Gerard said that legislation introduced in the Senate today, the Domestic Energy and Jobs Act, could help move America’s economy in the right direction and strengthen our nation’s energy security.

WASHINGTON, July 26, 2012 ─ American Petroleum Institute President and CEO Jack Gerard today applauded the introduction of the Offshore Petroleum Expansion Now Act of 2012 (OPEN Act) which promises to expand responsible offshore development, make the U.S. more energy secure and create jobs.

WASHINGTON, July 26, 2012 – API Chief Economist John Felmy told reporters this morning that oil and gas production was rising, creating new jobs, even as the overall economy was weakening.

WASHINGTON, July 25, 2012 – The American Petroleum Institute (API) filed a lawsuit with the D.C. Circuit Court late yesterday challenging the Environmental Protection Agency’s (EPA’s) mandated use of nonexistent cellulosic biofuels in the 2011 Renewable Fuel Standard (RFS).

WASHINGTON, July 24, 2012 – API President and CEO Jack Gerard told reporters this afternoon that API’s new “Energy Works” campaign will help educate Americans about jobs the oil and natural gas industry is providing Americans and the contributions it is making to their communities.

WASHINGTON, July 20, 2012 – Total petroleum deliveries (a measure of demand) fell 2.6 percent the first six months of 2012 compared with the same period a year ago – and were down 3.0 percent in June from June 2011. Monthly Statistical Report, Petroleum Facts at a Glance, Monthly Import Statistics for April 2012 (latest available).

WASHINGTON, July 17, 2012 – Overall well completions—including oil and gas wells—maintained its high levels from a year ago of about 11,000 wells in the second quarter, according to API's 2012 Quarterly Well Completion Report: Second Quarter.

WASHINGTON, July 12, 2012 – A new blend of motor vehicle fuel containing 15 percent ethanol – known as E15 – now available in Kansas could damage vehicle engines, the American Petroleum Institute (API) warned the state’s consumers today.