News

Albany, NY, September 13, 2012 – Voters in New York state support hydraulic fracturing, with 81 percent saying that development of the state’s shale energy resources will create jobs, according to a new poll released today.

WASHINGTON, September 5, 2012 – API Downstream Group Director Bob Greco said that EPA’s decision waiving summer Reid Vapor Pressure (RVP) requirements could help with fuel supplies in the South as it recovers from the effects of Hurricane Isaac.

WASHINGTON, August 23, 2012 ─ API President and CEO Jack Gerard today said proposals to safely produce more domestic energy, such as those released in Gov. Mitt Romney’s energy plan, are important to our nation’s economic future, providing economic stimulus and job creation.

Washington, August 22, 2012 – A new rule by the Securities and Exchange Commission (SEC) that will force SEC-listed companies to report payments made to foreign governments could put U.S. firms at a competitive disadvantage and interfere with ongoing and more effective efforts to increase transparency, according to API Chief Economist John Felmy.

WASHINGTON, August 21, 2012 – API Chief Economist John Felmy told reporters this morning that the draconian approach the Securities and Exchange Commission is expected to take on its new regulations implementing Section 1504 of the 2010 Dodd-Frank financial reform law will force disclosure of commercially sensitive information that will hurt the competitiveness of America’s oil and natural gas companies and cost jobs back home.

WASHINGTON, August 17, 2012 – The American Petroleum Institute (API) was disappointed by a divided decision in the U.S. Circuit Court of Appeals on the Environmental Protection Agency’s (EPA’s) approval of a blend of 15 percent ethanol with 85 percent gasoline (E15) for model year 2001 and newer cars.

WASHINGTON, August 17, 2012 – Total U.S. petroleum deliveries (a measure of demand) fell 2.7 percent in July to just above 18 million barrels per day. This is the lowest July level since 1995 and the lowest level for any month since September 2008. Total petroleum demand for the year to date was down 2.3 percent.  Monthly Statistical Report, Petroleum Facts at a Glance, Monthly Import Statistics for May 2012 (latest available).

Washington, D.C., August 14, 2012 – Seventy-one percent of American voters favor increased access to U.S. oil and natural gas resources, 90 percent believe more oil and natural gas development could lead to more U.S. jobs, and 87 percent believe it could lower energy costs for consumers, according to a new poll released today.

WASHINGTON, August 10, 2012 – Rising crude oil prices have been by far the largest contributor to rising gasoline prices in California and across the country, according to API Chief Economist John Felmy. He said that refineries are producing record amounts of gasoline – enough to meet domestic demand.

WASHINGTON, August 9, 2012 – API Group Director of Upstream and Industry Operations Erik Milito today called on the administration to make good on its promise to pursue an all-of-the-above energy strategy, citing a letter to President Obama today by the Outer Continental Shelf Governors Coalition.