News

WASHINGTON, March 15, 2012 – The New Source Performance Standards for oil and natural gas production proposed by the Environmental Protection Agency (EPA) would significantly slowdown drilling, resulting in less oil and natural gas production, lower royalties to the federal government, and lower tax payments to state governments, according to a new study funded by the American Petroleum Institute.

WASHINGTON, March 1, 2012 - API President and CEO Jack Gerard responded to the president’s call for a vote to raise taxes on the oil and natural gas industry.

WASHINGTON, February 22, 2012 – In remarks to reporters this morning, API’s Chief Economist John Felmy, said the nation must develop more of its own oil and natural gas and allow more oil imports from energy-rich Canada to increase America’s energy security and help address higher gasoline prices.

WASHINGTON, February 13, 2012 - In remarks to reporters this morning, Jack Gerard, President and CEO of the American Petroleum Institute, expressed disappointment with the proposed tax increases on the oil and natural gas industry in the administration’s 2013 budget plan.