News

WASHINGTON, May 4, 2012 ─ American Petroleum Institute Upstream Director Erik Milito said any new federal rules on hydraulic fracturing must reflect a history of successful state-led regulations on oil and natural gas production and avoid the creation of unnecessary bureaucratic red tape.

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.

WASHINGTON, May 3, 2012 – In a conference call with reporters today, API Downstream Group Director Bob Greco discussed a new analysis of EPA’s regulations to allow higher amounts of ethanol in gasoline (E15), which showed that “an estimated half of all gasoline station equipment is not compatible with E15” and said that this could result in serious safety and environmental problems for consumers.

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, May 1, 2012 - API welcomed today’s announcement by the Appalachian Shale Recommended Practices Group (ASRPG) and highlighted the important role of local efforts in establishing industry standards for oil and natural gas production.

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 24, 2012 – API’s Chief Economist John Felmy told reporters this morning that when America’s oil and natural gas industry reports solid earnings it means jobs are being created and more revenue is being delivered to government.

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, 20, 2012 – Exploratory well completions increased 12 percent from year ago levels, according to API's 2012 Quarterly Well Completion Report: First Quarter. Overall well completions – including exploration and development completions – declined by nine percent with 8,963 total wells being completed in the first quarter of 2012.

WASHINGTON, April 19, 2012 - The American Petroleum Institute is challenging President Obama to immediately approve the entire Keystone XL pipeline now that TransCanada has submitted a new route in Nebraska.