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.
Sections include discussions of U.S. energy needs, investments, carbon mitigation, refineries and fuels, untapped potential of domestic resources, factors affecting price, global energy framework, and energy policy.
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Energizing America | Charts
Energizing America | Graphics
Changes in the Price of Crude Oil and Natural Gas - The price of natural gas has fallen relative to crude oil.
Economic Consequences of Higher Taxes - Raising taxes on the oil and natural gas industry will not lower the price of fuel.
Capital Sending on Infrastructure - Shale driven energy production is reshaping the U.S. oil and natural gas infrastructure landscape.
Net Imports and Exports of Petroleum Products by Region - The U.S. balance of petroleum products has shifted significantly.
U.S. Corn Use 2015/2016 - The percentage of the corn crop used for ethanol is growing.
U.S. Energy Demand per Dollar of GDP - Energy efficiency is the cleanest, quickest and most cost-efficient way to extend today's energy supply in the future.
Future U.S. Energy Demand - Although the share of non-fossil fuels is growing rapidly, fossil fuels – oil, natural gas and coal – will continue to play leading roles through 2040.
The Role of Renewable Energy Consumption in the Nation's Energy Supply, 2013 - Just 9 percent of the nation's energy needs are supplied by renewables.
The Role of Renewable Energy Consumption in the Nation's Energy Supply, 2040 - Renewables are expected to supply 12 percent of the nation's energy needs by 2040.
Shale Plays, Lower 48 States - Shale plays are widely dispersed across the U.S.
Net Import of Oil and Petroleum Products as a Share of Consumption - The U.S. is less dependent on others for our oil needs.
U.S. Crude Oil and Natural Gas Production by Source - production of natural gas and oil from shale and other tight formations is offsetting declines in other U.S. natural gas and oil sources.
2035 Relative Employment Impacts from LNG Exports - The export of LNG represents one of the most promising economic opportunities of the shale revolution.
U.S. Undiscovered Technically Recoverable Crude Oil and Natural Gas Resources - Developing domestic sources of oil and natural gas will be an important bridge to our energy future.
U.S. Offshore Undiscovered Technically Recoverable Federal Oil and Natural Gas Resources - America can become a global energy superpower &ndash but only if our leaders pursue smart energy policy.
U.S. Crude Oil and Natural Gas Production - Oil and natural gas production are down on federal lands and waters.
The Myth of Idle Leases - The purchase of a lease is always a gamble. Exploration is not a risk-free proposition, but it is an essential part of the energy business. There is nothing idle about it.
Future Global Energy Demand - Most energy analysts agree that sustaining even modest economic growth worldwide for the next several decades will require massive new investments in oil and natural gas.
Energy Development Hinges on Energy policy - Potential reward of a pro-energy public policy path and the possible economic harm that can result from regulatory constraints and barriers to energy production and refining.