U.S. needs a "rational" policy for oil, gas development, API says
The American Petroleum Institute is seeking "rational" energy policy that backs domestic oil and natural gas production "to keep this country going strong," said Rayola Dougher, API's senior economic adviser of media relations. At a Wyoming conference of energy and business leaders, Dougher spoke of the impact of oil and gas on global economies and several challenges facing the industry. "I think some people think we're going to switch overnight from fossil fuel to renewables and it's just not going to happen," Dougher said. Wyoming Business Report
Friday, April 1, 2011
U.S. needs a "rational" policy for oil, gas development, API says
API: Idle leases do not exist
API: Idle leases do not exist
There is no such thing as an idle lease, the American Petroleum Institute said in response to President Barack Obama's speech Wednesday detailing a comprehensive energy plan. Obama cited an Interior Department study saying the industry has several nonproducing offshore and onshore leases. "The administration's report assumes that oil and natural gas are spread uniformly across the lease acreage -- suggesting that 70% of idle leases equates to 70% idled resources," said Erik Milito, API's upstream director. FuelFix.com
Tuesday, March 22, 2011
API, Republicans comment on Obama's support for Brazilian oil
API, Republicans comment on Obama's support for Brazilian oil
The Obama administration needs to do more for the development of U.S. oil and natural gas reserves, said the American Petroleum Institute and Republican lawmakers in response to President Barack Obama's comments regarding a potential energy partnership with Brazil. "It's ridiculous to ignore our own resources and continue going hat-in-hand to countries like Saudi Arabia and Brazil to beg them to produce more oil," said Sen. David Vitter, R-La. The Hill/E2 Wire blog (3/21)
Sunday, March 13, 2011
API disputes government's claims on oil production
API disputes government's claims on oil production
The Obama administration is misleading Americans by claiming that oil production and federal leasing significantly increased, according to the American Petroleum Institute. "It's completely disingenuous to say that offshore production has increased due to anything this administration has done," said Erik Milito, API's upstream director. A boost in federal oil and natural gas leases is "attributable to these decisions to lease almost a decade ago," Milito added
Monday, March 7, 2011
Groups warn against impact of EPA's GHG regulations
Groups warn against impact of EPA's GHG regulations
The Environmental Protection Agency's rules on greenhouse-gas emissions could place U.S. refiners at an economic disadvantage against global competitors, said Howard Feldman, API's director of regulatory and scientific affairs. Refiners want to increase their efficiency because energy is the second-biggest operating expense, Feldman said. "Our nation's petroleum refineries remain one of the last internationally competitive segments of the American manufacturing base," wrote Charles Drevna, president of the National Petrochemical & Refiners Association, in a letter to the EPA. Oil & Gas Journal (3/4)
Saturday, October 9, 2010
EU watchdog says no need to cut cap on BPA in food
(Reuters) - The European Union's food safety watchdog said it saw no need to cut the official limit on accepted exposure to bisphenol A, a chemical in plastic containers which some experts believe may harm human health.