API President and CEO Mike Sommers Statement on OPEC Announcement
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WASHINGTON, October 5, 2022 – American Petroleum Institute (API) President and CEO Mike Sommers today released the following statement in response to OPEC’s decision to decrease crude oil output:
“The solution to meeting demand for affordable, reliable energy is right here in the United States. We face a growing energy crisis driven by geopolitical instability and U.S. policymakers should be doing everything in their power to produce more energy here in America, not urging foreign regimes for more oil. We urge the administration to adopt sound public policy that enables American energy to benefit Americans and serve as a stabilizing force in global markets.”
API represents all segments of America’s natural gas and oil industry, which supports more than 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our approximately 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 800 standards to enhance operational and environmental safety, efficiency and sustainability.