News

ALBANY, N.Y., March 2, 2012 - API today announced Maryann K. McCarthy has joined the New York State Petroleum Council (NYSPC), a division of API, as associate director.

WASHINGTON, March 1, 2012 - API Vice President for Regulatory and Economic Policy Kyle Isakower issued a statement to reporters this afternoon calling on the White House to take the lead on coordinating the federal review of hydraulic fracturing.

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, March 1, 2012 – In remarks to reporters this morning, API’s Vice President for Regulatory and Economic Policy Kyle Isakower said a wave of possible new federal rules on shale oil and natural gas development could threaten its expansion and the increased jobs and revenue it promises to generate

Washington, D.C., February 24, 2012 – Seventy-seven percent of Michigan voters favor more development of U.S. oil and natural gas resources, and similar numbers 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.

WASHINGTON, February 23, 2012 - The American Petroleum Institute challenges President Obama to back up his energy statements with policies that will enhance, not hinder an ‘all the above’ energy strategy to benefit consumers.

WASHINGTON, February 23, 2012 – In remarks to reporters this morning, API’s President and CEO Jack Gerard, strongly urged the administration to act to encourage more domestic oil and natural gas development, which it says it supports, in order to help put downward pressure on prices, strengthen energy security, create jobs and increase revenue to the government:

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 17, 2012 – API Group Director of Upstream and Industry Operations Erik Milito criticized a plan by the Department of Interior to raise onshore oil and natural gas royalty rates by 50 percent at the same time President Obama has called for more domestic production.

WASHINGTON, February 17, 2012 – Total petroleum deliveries (a measure of demand) fell 5.7 percent this January compared with January 2011 to just over 18 million barrels per day. Gasoline deliveries slipped 0.2 percent to 8.4 billion barrels per day.  Monthly Statistical Report, Petroleum Facts at a Glance, Monthly Import Statistics for November 2011(latest available)