News

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, October 10, 2012 – The American Petroleum Institute (API), along with a coalition of concerned business groups, sued the U.S. Securities and Exchange Commission (SEC) in federal court to challenge the SEC’s implementation of Section 1504 of the Dodd-Frank Act because the SEC disregarded its clear legal obligations to limit the costs and anti-competitive harm of the rule.

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, 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.

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, March 29, 2012 - API’s Chief Economist John Felmy told reporters this morning that the proposal now before the Senate to raise taxes on selected oil and natural gas companies ignores what could really work to reduce gasoline prices and help our economy: create jobs and produce at home more of the oil and natural gas we know our nation will be using.

WASHINGTON, March 26, 2012 - With Americans gearing up for summer road trips, the president could now make those trips more expensive by raising taxes on the oil and natural gas industry. The American Petroleum Institute is launching a new ad campaign to educate voters about the consequences of hiking the cost of energy production.

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, D.C., March 20, 2012 – Seventy-six percent of voters nationwide believe that raising taxes on the energy industry could cost them more at the gas station. The overwhelming sentiment was echoed across political, gender, age, racial, income, educational and ideological lines according to a new “What America is Thinking on Energy Issues” poll released today.