API has assembled informational primers to show the integral role the oil and natural gas industry plays in the American economy and quality of life.
The United States is at an historic turning point for the country and its energy policies. But many Americans lack a full understanding of the oil and natural gas industry. API has assembled this oil and gasoline primer to encourage a constructive public policy debate that leads to a new fact-based comprehensive energy policy.
The oil and natural gas industry is massive because it has to be to effectively compete for global energy resources. The industry’s earnings make possible the huge investments necessary to help ensure America’s energy security. The earnings allow companies to reinvest in the facilities, infrastructure and new technologies that keep America going strong well into the future while generating returns that meet shareholder expectations. API has assembled this primer to help consumers and policymakers better understand how the earnings of the oil and natural gas industry compare with other industries, who benefits, and where the money is going.
Read the articles online at http://www.whoownsbigoil.com
America’s oil and natural gas industry supplies tens of millions of dollars a day to the U.S. Treasury in the form of income taxes, rents, royalties and other fees. That adds up to more than $30 billion a year.
Read the articles online at http://www.energyandtaxes.com
As it did a quarter century ago, Alaska today offers the U.S. an opportunity to increase domestic oil supply. Harnessing that opportunity in the 1970s helped increase U.S. energy security. Today, given estimates that the world’s energy needs will keep rising well into the future, the value of Alaskan energy could be even greater than it was 25 years ago. Unfortunately, largely because of federal policies, this opportunity is not being seized, but squandered.
Read the articles online at http://www.energyandalaska.com
API has assembled a primer to show the how the EPA’s current regulations are working and the United States is leading the world in reducing emissions. New standards could significantly damage the economy by imposing unachievable emission targets on almost every part of our country, including rural and undeveloped areas.
All too often today’s important policy discussions revolve around abstractions and devolve into unproven assertions based on political ideology rather than facts. Fortunately, when it comes to the best way forward on American energy policy, we know what works, because it is today’s reality.
It is clear that climate change is a serious problem that requires research for solutions and effective policies that allow us to meet our energy needs while protecting the environment: that's why oil and gas companies are working to reduce their greenhouse gas emissions.
Read the articles online at http://www.climatechangeandenergy.com
The economic benefits from America’s oil and natural gas industry are vast and undeniable, in 2011 the industry supported more than 9.8 million jobs, 600,000 more jobs than it supported just two years earlier. Oil and natural gas industry operations supported 8.4 million full- and part-time jobs nationally, while its capital investment supported another 1.4 million jobs.
Read the articles online at http://www.americanenergyworks.com
Clean burning natural gas is critical to American manufacturing jobs, to farmers for fertilizer, to households for heating and cooking, to businesses for electricity and fuel for transportation needs, and to society to help address climate change concerns because of its low carbon-content.
Read the articles online at http://www.hydraulicfracturing.com
LNG, or liquefied natural gas, is a clear, odorless, noncorrosive, nontoxic liquid that is formed when natural gas is cooled to around -260 F. This shrinks the volume by about 600 times, making the resource easier to store and transport through marine shipments. LNG is not stored under pressure and is not explosive or flammable in its liquid state, and it cannot be released rapidly enough to cause overpressures associated with explosions.
Read the articles online at http://www.lngexports.com
API has assembled a primer to show the how access to domestic sources of oil and natural gas would create new, good jobs when millions are still looking for work; bring billions of dollars to federal and state treasuries as governments are scrambling for revenue; reduce our balance of trade, and enhance America’s energy security.
Read the articles online at http://www.americasoffshoreenergy.com
The Energy Independence and Security Act of 2007 included an expanded Renewable Fuel Standard, which the EPA used to develop a final rule effective July 1, 2010. To comply with the Standard, biofuel producers and importers must blend increasing amounts of biofuels into gasoline and diesel.
Read the articles online at http://www.filluponfacts.com/
Consumers are among the first to benefit from free trade, and crude oil is no exception. Gasoline costs are tied to a global market; additional crude oil exports could help increase supplies, put downward pressure on the prices at the pump and create more jobs right here at home. Access to customers abroad could drive significant new investment in U.S. production, helping to strengthen our energy security.
The roller coaster rise and fall in gasoline and diesel prices over the last couple of years tracks changes in the cost of crude oil. Those changes are determined in the global crude oil market by the worldwide demand for and supply of crude oil. See the document below for detailed information.
Read the articles online at http://www.gaspricesexplained.com
After decades of decline, crude oil production in the United States has recently been increasing rapidly. Horizontal drilling and multistage hydraulic fracturing are now utilized to access oil and natural gas resources from shale rock formations that were previously either technically impossible or uneconomic to produce.
Natural gas is an attractive fuel because it is clean burning and efficient, and ample supplies of natural gas are available from domestic resources. Recently, natural gas production in the U.S. has increased substantially due to technological advancements in natural gas extraction methods.
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