News

WASHINGTON, May 18, 2012 ─ The American Petroleum Institute applauded today’s strong bipartisan vote in the House of Representatives to support the Keystone XL pipeline, as Congress continues to take the lead to create new American jobs and enhance our energy security.

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.

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 9, 2012 – API’s President and CEO Jack Gerard told reporters this morning that the states have demonstrated competency, efficiency and expertise in regulating hydraulic fracturing in oil and natural gas development, raising a fundamental question about the need for the Bureau of Land Management’s own proposed regulations.

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.