API: Bureau of Land Management rule will increase regulatory uncertainty

WASHINGTON, December 1, 2016 – Today API Director of Upstream and Industry Operations Erik Milito issued the following statement after the Bureau of Land Management (BLM) released its final Planning 2.0 rule for developing domestic resources on public lands. 
 
“More than 80 percent of voters support increased development of U.S. oil and natural gas resources, yet we are facing an avalanche of regulations that stand to harm consumers and businesses and weaken America’s energy future,” said Milito. “The Bureau of Land Management’s final rule will increase regulatory uncertainty and risk further delays in the land use planning process. Instead of government continuing to create more hurdles to developing our domestic resources on America’s public lands, it should be advancing 21st century American energy leadership. A forward-looking energy policy can further help consumers and business, create jobs, and strengthen our national security.”
 
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 625 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.