API

API Attacks Rewnewable Fuel Standard after EPA Denies Waiver

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The American Petroleum Institute recently renewed its attack on the US government’s Renewable Fuels Standard after the Environmental Protection Agency said it would not waive the requirement that uses some 40 percent of the US corn crop to make ethanol.

The main oil and gas trade association said the RFS, which is designed to blend increasing amounts of ethanol with gasoline, is “increasingly unrealistic and unworkable” because it has been adopted without regard for its compatibility with some vehicles, and if fully implemented would exceed what API says is the maximum safe limit of 10 percent in gasoline. Keep reading →

 /  Published November 20, 2012 at 2:30 PM

Energy Policy Debate: Fossil Fuels vs. Renewables

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Energy tax policy and regulation – what they are and what they should be – are the critical issues for the Presidential candidates, diverse energy experts agreed.

As with the candidates themselves, that was pretty much the end of the agreement in a Washington debate hosted by the American Petroleum Institute (API) Vote4Energy campaign. The experts split, politely, over what’s happening now and what that portends for the future, 40 years after the first oil embargo shocked Americans into paying attention to energy. Keep reading →

 /  Published September 28, 2012 at 8:30 AM

Experts Pose Critical Energy Questions for the US Presidential Debates

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Memo to: Jim Lehrer, PBS; Candy Crowley, CNN; Bob Schieffer, CBS

In re: Energy questions you should be asking when you moderate the upcoming October Presidential debates Keep reading →

 /  Published September 20, 2012 at 1:30 PM

As Voters Focus on Energy, API Chief Begs: ‘Turn Us Loose’

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The US oil and natural gas business has been an unusual bright spot for the American economy over the past four years, and that success has helped highlight energy issues as a major factor in the 2012 election cycle.

Energy has not traditionally been a focus of electoral politics beyond prices at the gasoline pump, but this year the broader focus on the economy and the government’s role in directing it have brought to light the successes, the potential and the risks of energy development in the US. Keep reading →

 /  Published August 23, 2012 at 1:00 PM

DC War of Words Heats Up on Energy Tax Policy

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For most people the issue of corporate taxation is both intriguing and offputting in equal measure. The complex and often contradictory nature of the enormous US tax code allows for a combination of passion and boredom that extends to almost no other region of policy.

That is part of what has made attacking the US tax code in an effort to simplify it or make it reflect policy goals so challenging; companies with tax lawyers on call can take advantage of seemingly innocuous or even beneficial tax policy, only to be accused later of corruptly using ‘loopholes’ or ‘subsidies’ to run their businesses. At the same time, financiers and corporations build otherwise unsustainable business models around the tax code rather than at the intersection of supply and demand, in turn warping the very markets they intend to serve. Keep reading →

 /  Published July 27, 2012 at 1:30 PM

Natural Gas Industry Challenges EPA Greenhouse Gas Emissions Data

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Two major industry groups said today that EPA needs to lower its methane emissions estimates, which are 50% higher than indicated by a new survey of hydraulic fracturing emissions. The American Petroleum Institute and America’s Natural Gas Alliance released what they call the “most comprehensive study to date.”

The report entitled “Characterizing Pivotal Sources of Methane Emissions from Unconventional Natural Gas Production,” is a summary and analysis of survey results conducted by the URS Corporation and the LEVON Group. Keep reading →

 /  Published June 4, 2012 at 4:20 PM

Social License Debate Divides US Natural Gas Sector

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International Energy Agency IEA Chief Economist Fatih Birol (C) talks as Brazil’s state-controlled energy giant Petrobras CEO Jose Sergio Gabrielli de Azevedo (R) and and Italian energy giant Enel CEO Fulvio Conti (L) listen at the end of a press briefing at the IEA ministerial meeting at the OECD headquarters in Paris on October 18, 2011.

Oil and gas industry advocacy groups differed in their reaction to a new unconventional gas development report, highlighting the importance of a major US election issue and the messaging that surrounds it. Keep reading →

 /  Published June 1, 2012 at 8:30 AM

Government at the Pace of Business: Evaluating US Election Year Energy Policy

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Energy policy in the US has been a prominent issue leading up to the elections this fall and the topic could gain momentum along the way. Commodity price manipulation, fracking, the Keystone pipeline and environmental regulations were just a few of the topics discussed at a breakfast panel held by the American Petroleum Institute in Washington DC this morning.

Recent upward trending US oil and natural gas production is great news for the nation, but the political system is driven by negatives, said former Senator and Congressman of North Dakota, Byron Dorgan. Keep reading →

 /  Published May 15, 2012 at 1:15 PM

Oil Industry Sees Thaw in White House Relationship

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The head of the American Petroleum Institute on Wednesday signaled a thaw in relations between major oil companies and the Obama administration, telling reporters that the White House has started more constructive talks with the lobby on energy development.

“We have noticed a marked change in our dialogue, perhaps just over the last three or four months,” API President Jack Gerard told reporters. “We have opened a dialogue that is constructive and we give credit where it is due: the president and his people are having a more open dialogue with us.” Keep reading →

 /  Published May 11, 2012 at 11:00 AM

API Beefs Up Oil Industry Standards in Wake of Deepwater Horizon Accident

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The tragic Deepwater Horizon accident and devastating uncontrolled crude oil spill into the Gulf of Mexico deeply affected the oil and gas industry. The disaster prompted oil and gas industry trade group – API – to comprehensively re-evaluate and strengthen its offshore safety standards.

Specifically, API has “established a multi-layer system, with many built-in redundancies to help prevent incidents, to intervene and stop a release that might occur, and to manage and clean up spills,” Group Director of Upstream and Industry Operations Erik Milito told reporters during a recent question and answer session ahead of the two-year anniversary of the accident on April 20. Keep reading →

 /  Published April 17, 2012 at 9:00 AM
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