Oil production surges 85 percent over the last decade

CLEVELAND, July 18, 2016 – API President and CEO Jack Gerard noted that our nation needs to put in place federal policies that advance the growth in our nation’s energy sector.

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“Over the last decade, our nation has seen oil production surge 85 percent. This is largely due to the technological advancements with hydraulic fracturing combined with horizontal drilling. At the same time, the United States is leading the world in reducing carbon emissions which are at near 20 year lows,” said Gerard. “We need energy policies that are keeping up with the times, supporting job creation, and bringing benefits to consumers.”

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 650 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 30 million Americans.