Tag: API
Obama Administration’s methane rules could put shale energy revolution at risk – API
“Natural gas is a proven source of clean, affordable, and reliable energy.” New regulations on methane emissions the Obama administration announced Thursday could harm America’s shale energy revolution that has lowered U.S. carbon emissions, lowered costs for American consumers by more than $550 at the pump in 2015, and added $1,337 in disposable income per household in 2015, […]
Poll: Majority of American voters concerned about high ethanol mandates
76% concerned that diverting corn to energy production rather than food could result in higher food costs, contribute to world hunger Seventy-seven per cent of registered voters are concerned that breaching the ethanol blend wall could drive up the cost of gasoline for consumers and reduce the nation’s fuel supply (85 per cent of Republicans, 75 […]
Oil, natural gas exploratory drilling down in Q1 2016 – API
Regulatory changes are needed to help American oil and gas producers during period of low prices Estimated natural gas well completions decreased 70 per cent in the first quarter of 2016 compared to year-ago levels, according to API’s 2016 Quarterly Well Completion Report, First Quarter. “America’s shale energy revolution has helped the U.S. lower our […]
Bureau of Ocean Energy overreaching on air quality regulatory program – API
In a February 10 letter to Director Hopper, API called on BOEM to not fundamentally alter the current Air Quality Regulatory Program The energy industry is accusing the Obama Administration of regulatory overreach again, this time over proposals to regulate air quality in the Outer Continental Shelf. The OCS is the part of the internationally recognized continental […]
Feb. US petroleum demand up, gasoline demand sets new record
Distillate fuel oil stocks rose by 32.2% from same period last year to end at 162.8 million barrels, highest Feb. inventory level in 35 years Total petroleum deliveries, a measure of consumer demand, rose 2 percent in Feb. from year ago levels to average 19.8 million b/d, according to the American Petroleum Institute. These were the […]
Offshore development can grow America’s energy future – API
“We’ve seen the benefits of our U.S. energy renaissance. U.S. consumers see it at the gasoline pump and in their home energy bills.” WASHINGTON – Allowing more offshore oil and natural gas development is one of the best ways policymakers can grow the economy, strengthen our energy security and raise more revenue for competing priorities […]
Obama oil tax proposal “dead on arrival” – Ryan
“On his way out of office, President Obama has now proposed making the United States less competitive.” Last week, President Barack Obama dropped a bomb on the American oil industry by proposing a $10 tax on every barrel of production. This week, industry supporters are firing back. Obama on Tuesday plans to send to Congress the […]
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