News

CLEVELAND, May 11, 2012 ─ At a City Club of Cleveland event, API President and CEO Jack Gerard said that Ohio was experiencing an energy “rebirth” and that it could be a game changer for jobs and economic growth in the state.

WASHINGTON, May 10, 2012 – API welcomed White House plans to eliminate unnecessary regulations that are costing American jobs and harming our economy, including the elimination of unnecessary vapor recovery systems at gasoline pumps, but urged the administration to eliminate upcoming greenhouse gas, tier III and PM NAAQS regulations that would be even more burdensome.

WASHINGTON, May 4, 2012 - API’s Senior Director of State Government Relations Rolf Hanson said that the decision by the Vermont legislature to issue a statewide ban on the use of hydraulic fracturing is shortsighted and uninformed.

WASHINGTON, May 4, 2012 - The American Petroleum Institute challenged President Obama to immediately boost our nation’s economic and energy security by lending his support to the entire Keystone XL pipeline. There is no reason for additional delays now that TransCanada has resubmitted a presidential permit application and Nebraska is evaluating the newly proposed route alternatives that completely avoid the Sand Hills area.

COLUMBUS, Ohio, May 2, 2012 – In an Ohio Energy Jobs Summit hosted by The Hill newspaper, API President and CEO Jack Gerard said that Ohio was on the cutting edge of shale energy development that is a “game changer” for spurring millions of new jobs and economic growth in America. He said the benefits to Ohio and to the nation could be immense.

WASHINGTON, April 26, 2012 – API Group Director of Downstream Bob Greco testified about the importance of a strong U.S. refining sector and called for better regulatory policies based on sound science during a hearing by the U.S. Senate Joint Economic Committee to address recent refinery closures in the Northeast.

WASHINGTON, April 20, 2012 - While total petroleum deliveries (a measure of demand) slipped 1.3 percent in March compared with March 2011, gasoline deliveries were up 3 percent. This marked the second month in a row gasoline demand increased while total petroleum demand declined. Monthly Statistical Report, Petroleum Facts at a Glance, Monthly Import Statistics for January 2012 (latest available)

WASHINGTON, April 2, 2012 – Warning that the Environmental Protection Agency (EPA) could be putting consumers at risk, API criticized EPA’s decision to approve higher levels of ethanol in gasoline (E15) before testing is complete.

WASHINGTON, March 26, 2012 – API’s Tax Policy Manager Stephen Comstock told reporters this morning that the proposal now before the Senate to raise taxes on selected oil and natural gas companies would do nothing to reduce gasoline prices but would damage job creation, oil and gas production, and energy security. He said API was launching a major advertising campaign to inform the public about the possible consequences of raising the industry’s taxes.

WASHINGTON, March 22, 2012 - Citing an analysis by energy consulting firm Baker and O’Brien, API’s Group Director for Downstream and Industry Operations Bob Greco told reporters this afternoon that EPA’s rulemaking on Tier III could substantially increase the cost of making gasoline without any proven environmental benefits.