Tag: API
Increased US natural gas exports accelerating economy – API study
Increased LNG exports estimated to have minimal effect on natural gas price API has released a new study showing that increased exports of U.S. natural gas (in the form of liquefied natural gas or LNG) could support between 220,000 and 452,000 additional American jobs and add up to $73 billion to the U.S. economy by 2040. The […]
U.S. State Department nominee Rex Tillerson fights climate deposition
U.S. State Department nominee Tillerson fights climate deposition By Emily Flitter NEW YORK, Jan 13 (Reuters) – Rex Tillerson, the former oil executive under consideration for U.S. secretary of state, is trying to avoid giving testimony in a federal lawsuit over climate change, according to a lawyer for a group of teenagers who filed the […]
API stresses need for increased natural gas infrastructure as winter approaches
API Chief Economist Erica Bowman has highlighted the positive impact that improved energy infrastructure could have on utility prices on Friday’s press conference call on the energy outlook for the 2016-2017 winter season. “This winter, American consumers are set to face colder temperatures as compared to last year. The Energy Information Administration estimates that temperatures in […]
Importance of rule of law to protect energy infrastructure, American jobs – API
No legal justification for prohibiting infrastructure project provided, could have chilling effect on other construction projects WASHINGTON – API Midstream Group Director Robin Rorick underscored the importance of maintaining the rule of law and the benefits of increased infrastructure as the D.C. Circuit of Appeals heard oral arguments on the Dakota Access Pipeline. Three federal […]
Importance of seismic testing in gulf – API
No evidence sound produced exploring for oil and gas with seismic surveys resulted in physical or auditory injury to a marine mammal WASHINGTON, September 28, 2016 – Bureau of Ocean Energy Management (BOEM) announced its Draft Programmatic Environmental Impact Statement (PEIS) that evaluates the potential impacts of geological and geophysical surveys in the Gulf of […]
Ahead of Presidential debate, energy is priority for American voters – API
“Whatever the outcome tonight, the American people have already cast their ballot for energy” WASHINGTON – API President and CEO Jack Gerard highlighted the importance of American energy ahead of the first presidential debate. Gerard’s full remarks, as prepared for delivery, from Monday’s press conference call are available on API’s website. “When it comes to […]
Ethanol industry calls API-funded study on biofuels fallacious, flawed
“This latest report is just another desperate attempt discredit the nation’s most successful clean energy program” WASHINGTON, DC – Representatives of the US ethanol industry are speaking out to criticize a University of Michigan study that claims biofuels increase carbon dioxide emissions. The study was funded in part by the American Petroleum Institute. Recently reported by […]
US petroleum demand rises in August, highest since 2007 – API
August crude oil stocks ended at 515.1 million barrels–highest inventory level in 96 years, since 1920 WASHINGTON – Total petroleum deliveries in Aug. moved up by 1.6 per cent from Aug. 2015 to average 20.1 million barrels per day. These were the highest Aug. deliveries in nine years, since 2007. “When petroleum demand grows it’s […]
EPA methane regs inconsistent with US emission reduction success – API
US-based oil and natural gas companies invested an estimated $217.5 billion in GHG reduction technologies WASHINGTON – The dramatic resurgence of the United States as an energy superpower has provided tremendous economic and environmental benefits, API Upstream Director Erik Milito testified during a House Committee hearing on the Environmental Protection Agency’s methane regulations. “Thanks to industry efforts over […]
API, unions call for Obama to uphold laws in Dakota Access pipeline dispute
“We are deeply disturbed by the unprecedented action taken by President Obama to supersede the decision of a federal court judge” WASHINGTON – API President and CEO Jack Gerard and North America’s Building Trades Unions President Sean McGarvey highlighted the benefits of increased energy infrastructure and discussed recent administration actions surrounding the Dakota Access Pipeline […]
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