World Oil The American Petroleum Institute (API) today released the following statement from President and CEO Mike Sommers in response to President Biden’s remarks on gas prices: “Rather than taking credit for price declines and shifting blame for price increases, the Biden administration should get serious about addressing the supply and demand imbalance that has caused higher gas
World Oil American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement today on House passage of the Inflation Reduction Act: “While the Inflation Reduction Act takes important steps toward new oil and gas leasing and investments in carbon capture and storage, it falls well short of addressing America’s long-term energy needs and further discourages needed investment
World Oil WASHINGTON – As President Biden prepares to meet with Saudi officials on Friday, the American Petroleum Institute (API) released a new video once again inviting the president to visit American energy sites and support the American producers who are poised to meet the growing demand for affordable, reliable energy and lead in this global crisis instead of turning to foreign
World Oil WASHINGTON D.C. — The American Petroleum Institute on Tuesday released a “10 in 2022 plan”—10 policies that policymakers can advance today to unlock American energy, fuel economic recovery, and strengthen national security. As energy costs and geopolitical instability around the world continue to rise, API is calling on policymakers to confront the global mismatch between energy demand
World Oil The American Petroleum Institute, Consumer Energy Alliance, Louisiana Mid Continent Oil and Gas Association, National Oceanic Industry Association and U.S. Chamber of Commerce today joined with more than 80 trade groups representing a diverse cross section of industries in calling on the Biden administration to act on policies that support U.S. energy security and increase domestic production of
World Oil The American Petroleum Institute (API) filed reply comments to the Federal Energy Regulatory Commission (FERC) addressing the assertions of other commenters and continuing to express concerns that the commission’s two revised policy statements would chill investment in critical natural gas infrastructure. Increasing regulatory uncertainty and permitting delays, these policy changes directly conflict with FERC’s mandate to ensure a
World Oil During World War II, 44 oilfield workers left their homes in rural Oklahoma to lend a hand abroad. Secretly summoned by Winston Churchill to Sherwood Forest in fuel-deprived England, these men worked to drill 100 oil wells in crisis. Historians say the fuel derived from the dig helped the right side win the war and underscored America’s energy leadership.
World Oil American Petroleum Institute (API) President and CEO Mike Sommers applauded the U.S. Department of Energy’s decision to approve two new liquified natural gas (LNG) export permits. “We applaud the Department of Energy for advancing two important U.S. LNG permits at this critical time in history. America is the best prepared nation to help Europe and our other allies meet rising
World Oil Ten 10 U.S. senators from cold-weather states wrote to U.S. Energy Secretary Jennifer Granholm, expressing concern about getting affordable, reliable natural gas for their constituents’ homes and businesses in the dead of winter, the American Petroleum Institute said in an Energy Tomorrow Update on LinkedIn. Instead of supporting increased natural gas production and the construction of natural gas pipelines,
Reuters LONDON – BP said on Monday it will remain a member of the American Petroleum Institute (API) after the largest U.S. oil and gas trade lobby group addressed some differences with the British energy company over climate change. BP, which plans to sharply cut its oil output and boost its renewable energy capacity over the next decade, said in
CNBC The oil and gas industry’s largest trade group Thursday endorsed a price on planet-warming carbon emissions, marking a major shift after it long resisted regulatory action on climate change. The American Petroleum Institute’s move comes as President Joe Biden prepares to unveil a sweeping infrastructure proposal focused on curbing greenhouse gas emissions and transitioning to clean energy. In a virtual meeting
Reuters WASHINGTON – The main U.S. oil industry lobby group, the American Petroleum Institute, is weighing endorsing a price on carbon emissions, a major shift after long resisting mandatory government climate policies, a source familiar with the decision-making said. The American Petroleum Institute, which includes most of the world’s biggest oil companies, is considering endorsing carbon pricing “among other policy
