WASHINGTON, June 24, 2014 ─ API urged policymakers to consider the proven environmental and economic benefits of America’s oil and natural gas industry when weighing the risks claimed by opponents of U.S. energy production.
“It is no coincidence that U.S. carbon emissions have dropped to near 20-year lows, while U.S. shale gas production had quadrupled since 2008,” said API President and CEO Jack Gerard. “America’s oil and natural gas industry has led an energy renaissance that is helping to grow the economy, create jobs, and provide environmental benefits.
“America is now the world’s leading producer of clean-burning natural gas, demonstrating that economic prosperity and environmental progress are not mutually exclusive. In fact, from 2000 to 2012, America’s oil and natural gas industry invested more in zero- and low-emissions technologies than the federal government and nearly as much as all other industries combined. These research and development efforts drive America’s competitiveness and could produce technologies that will change the energy landscape across markets and geography. But America’s success as an energy superpower depends on an all-of-the-above strategy, where science and free markets determine investments -- not politics and ideology.”
API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 600 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 20 million Americans.