News

WASHINGTON, June 6, 2012 – The American Petroleum Institute (API) welcomed legislation introduced in the U.S. House of Representatives, entitled the Domestic Energy and Jobs Act, that would create a real U.S. energy policy to increase production of the domestic oil and natural gas that America needs.

WASHINGTON, May 29, 2012—API Upstream Director Erik Milito issued the following statement regarding the International Energy Agency (IEA) report “Golden Rules for a Golden Age of Gas,” released today, which recognizes API as a global leader in U.S. oil and natural gas industry standards and best practices.

WASHINGTON, May 25, 2012 – The Environmental Protection Agency (EPA) today denied the American Petroleum Institute’s (API’s) request to eliminate mandates for biofuels that do not exist, and the agency continues to fine refiners for not using them.

Bismarck, ND, May 23, 2012 ─ At the 20th Annual Williston Basin Petroleum Conference, API President and CEO Jack Gerard, who was a keynote speaker, said North Dakota is an energy juggernaut that has risen above the country’s economic challenges to produce thousands of new American jobs and help provide the energy to fuel America’s future.

WASHINGTON, May 23, 2012 – API Chief Economist John Felmy told reporters this afternoon that more oil and natural gas development is important to meeting America’s future energy needs and keeping downward pressure on gasoline prices. He also outlined steps consumers could take to use gasoline more efficiently, which could also help address prices.

WASHINGTON, May 18, 2012 – While total petroleum deliveries (a measure of demand) slipped 0.3 percent in April compared with April 2011, gasoline deliveries were up 0.9 percent to 8.8 million barrels per day. For the first four months of 2012, gasoline demand was up 0.3 percent compared with the same period a year ago. April distillate demand was up 1.3 percent. April jet fuel and residual fuel deliveries declined. Monthly Statistical Report, Petroleum Facts at a Glance, Monthly Import Statistics for February 2012 (latest available)

WASHINGTON, May 16, 2012 – API’s President and CEO Jack Gerard told reporters this morning that testing by the Coordinating Research Council showed that use of E15 – gasoline with 15 percent ethanol – could harm car and truck engines, potentially affecting millions of cars and trucks.

WASHINGTON, May 15, 2012 – API President and CEO Jack Gerard said the administration’s report on idle oil and natural gas leases is a political ploy designed to distract American voters from the administration’s failed energy policy.

WASHINGTON, May 15, 2012 – At the National Press Club this morning, President and CEO Jack Gerard presented API’s Report to the Platform Committees, which lays out the industry’s vision for making the right energy policy choices for our nation. He told reporters at the event that a comprehensive conversation about energy policy during this presidential election year can help our nation make sound decisions about energy that will create more jobs, increase revenue to the government, and enhance our nation’s energy security.

WASHINGTON, May 14, 2012 - API hosted its fifteenth hydraulic fracturing workshop on the oil and natural gas industry’s open and transparent process for developing recommended practices, industry standards and guidance documents for hydraulic fracturing, as well as the latest activities in the development of shale energy.