News

WASHINGTON, July 10, 2012 – API President and CEO Jack Gerard told a congressional subcommittee today that while America’s Renewable Fuels Standard law had increased use of ethanol and other biofuels, implementation of the law’s requirements was becoming increasingly difficult and could hurt consumers. The volume requirements in the law could soon require concentrations of ethanol in gasoline above levels known to be safe.

WASHINGTON, June 22, 2012 – Total petroleum deliveries (a measure of demand) rose half a percent in May over the same month last year to 18.5 million barrels per day. Gasoline demand was up 0.4 percent, but, for the first five months of 2012, was 0.6 percent below the same period a year ago. May distillate demand was up 2.0 percent, though down 1.5 percent for the first five months. Jet fuel demand rose in May. Monthly Statistical Report, Petroleum Facts at a Glance, Monthly Import Statistics for March 2012 (latest available).

WASHINGTON, June 21, 2012 ─ American Petroleum Institute’s Executive Vice President Marty Durbin applauded the House passage of the Domestic Energy and Jobs Act which looks to increase responsible domestic energy production, create jobs and make the U.S. more energy secure.

WASHINGTON, June 19, 2012 – API’s Group Director of Upstream and Industry Operations Erik Milito told reporters this morning that tomorrow’s Central Gulf of Mexico lease sale would help the nation develop its offshore oil and natural gas resources but that we also needed an expanded five-year offshore plan if our goal is a stronger energy future for the nation.

WASHINGTON, June 15, 2012 – API Director of Regulatory and Scientific Affairs Howard Feldman said that EPA’s particle standards proposal failed to include all options to improve air quality and could hamper investments in America’s energy future and the U.S. economy.

WASHINGTON, June 12, 2012 – API’s Director of Regulatory and Scientific Affairs Howard Feldman told reporters this morning that the existing PM 2.5 (fine particle) air quality standard should be among those EPA will consider for its proposed particulate standard rule.

WASHINGTON, June 12, 2012 – API Executive Vice President Marty Durbin said API was encouraged by the tax reform objectives put forward yesterday by Senate Finance Committee Chairman Max Baucus in remarks delivered to the Bipartisan Policy Center.

DENVER, June 7, 2012 - The American Petroleum Institute today hosted an “Energy, Jobs and the Economy Town Hall Meeting” in Denver to highlight the job-creating potential – more than 88,000 new jobs – of new U.S. energy production for Colorado.

WASHINGTON, June 6, 2012 – API’s Executive Vice President Marty Durbin applauded the North Carolina Senate for passing legislation today that would open the door for use of hydraulic fracturing in developing the state’s natural gas resources.

KANSAS CITY, Mo., June 6, 2012 - The American Petroleum Institute today hosted a “Missouri Energy Symposium” at the National World War I Memorial to discuss the job-creating impact of new U.S. energy production and the resulting manufacturing prospects for Missouri, as part of its national energy conversation “Vote 4 Energy.”