News

WASHINGTON, March 28, 2012 - API Upstream Director Erik Milito said that the administration’s announcement to allow for seismic exploration for oil and natural gas along parts of the east coast, excluding the north Atlantic, is a conversation starter, but not the forward-thinking, comprehensive energy policy that has been missing from this administration.

WASHINGTON, March 27, 2012 - API and the Joint Industry Task Forces released the final of three reports and a progress report of the fourth. Collectively, these documents provide positive recommendations to the government on how to improve offshore safety.

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, 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.

WASHINGTON, March 22, 2012 - The American Petroleum Institute today called on President Obama to immediately approve the entire Keystone XL project to bring more secure and reliable oil from Canada to the United States and help American consumers at the pump.

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.

WASHINGTON, March 20, 2012 – In remarks to reporters this morning, API’s President and CEO Jack Gerard announced a new API campaign to clarify the facts about gasoline prices and help bring changes in energy policy that could create jobs and put downward pressure on prices. The campaign features a new website and includes new advertising.

WASHINGTON, March 20, 2012 - In testimony to the House Committee on Natural Resources, Subcommittee on Energy and Natural Resources, API’s Group Director for Upstream and Industry Operations Erik Milito urged Congress and the administration to promote energy policies that would aid the nation’s economic recovery and help reduce its debt.

WASHINGTON, March 20, 2012 - Seventy-five percent of North Carolina voters favor more development of U.S. oil and natural gas resources, and more than ninety percent believe more oil and natural gas development would provide major benefits to the nation, including more U.S. jobs, according to a new poll released today by Public Opinion Strategies and Frederick Polls.