Subscribe to our free daily newsletters
  Space Travel News  

Subscribe to our free daily newsletters

API president in Cleveland calls for better energy policies
by Daniel J. Graeber
Cleveland (UPI) Jul 19, 2016

disclaimer: image is for illustration purposes only

With U.S. oil production up more than 80 percent from a decade ago, the American Petroleum Institute called for national leaders to support that momentum.

Jack Gerard, the president and chief executive officer at the API, said during the Republican Party convention in Cleveland that U.S. oil production was up 85 percent over the last 10 years. This, he said, was largely due to advances in drilling technologies used in shale basins in the Lower 48 states.

"We need energy policies that are keeping up with the times, supporting job creation, and bringing benefits to consumers," he said in a statement from the sidelines of the convention.

The United States under outgoing President Barack Obama has come to rival Saudi Arabia as a top oil producer. The glut of oil has led to a steep drop in energy prices, creating a de facto form of stimulus for U.S. consumers.

Last year, the industry scored a victory in the form of an end to a 40-year-old ban on crude oil exports, but suffered a loss with the president's denial of a permit to build the Keystone XL oil pipeline across the Canadian border into the United States.

Gerard said the Obama administration has launched an "onslaught" on the industry in the form of strict federal regulations. Presumptive Republican presidential nominee Donald Trump, meanwhile, said he'd end U.S. oil imports from overseas, approve Keystone XL and remove obstacles standing in the way of further exploration.

Analysts have critiqued some of Trump's comments, noting that, without oil from the Organization of Petroleum Exporting Countries, U.S. oil companies would either need to increase production by as much as 36 million barrels per month to make up the difference, or find another supplier. Alliances with countries like Saudi Arabia, meanwhile, could be in jeopardy without economic ties reaching to oil.

Adopting an American energy first platform, Trump said rival Hillary Clinton would wage war against the U.S. oil and gas industry, push the sector further away from coal and "unleash the Environmental Protection Agency to control every aspect of our lives."

Clinton, a former New York senator and U.S. secretary of state, has unveiled conditions ranging from public support to the disclosure of chemicals used in hydraulic fracturing fluid before she'd support the drilling practice as a U.S. president. Natural gas, she said, should be viewed as a bridge to a low-carbon economy.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only


Related Links
All About Oil and Gas News at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Previous Report
Tesoro to pay $425 million over air quality violations
Los Angeles (AFP) July 19, 2016
US oil refining group Tesoro Corp. reached a $425 million settlement Monday with the Justice Department and the US Environmental Protection Agency to resolve air quality violations. Under the agreement, Texas-based Tesoro and Par Hawaii Refining will spend about $403 million to install and operate pollution control equipment at six refineries across the United States. Tesoro will also sp ... read more

SpaceX to launch key 'parking spot' to space station

Russia to Continue Rocket Engine Supplies to US Under Existing Contracts

India launches 20 satellites in single mission

LSU Chemistry Experiment Aboard Historic Suborbital Space Flight

Mars Canyons Study Adds Clues about Possible Water

Curiosity Mars Rover Enters Precautionary Safe Mode

Frosty Cold Nights Year-Round on Mars May Stir Dust

Mars Canyons Study Adds Clues about Possible Water

Russia to spend $60M in 2016-2018 to fund space voyages to Moon, Mars

Russian Moon Base to Hold Up to 12 People

US may approve private venture moon mission: report

Fifty Years of Moon Dust

Researchers discover distant dwarf planet beyond Neptune

New Horizons Receives Mission Extension to the Kuiper Belt

Alex Parker Discovers Moon Over Makemake in the Kuiper Belt

Hubble locates new dark spot on Neptune

Lush Venus? Searing Earth? It could have happened

Graduate researchers lead exoplanet discoveries

Teenagers at Keele University Discover Possible New Exoplanet

A surprising planet with three suns

China announces success in technology to refuel satellites in orbit

Advanced Full Range Engine program envisions hybrid propulsion system paving

NASA tests deep space rocket booster ahead of 2018 mission

ISRO tells aerospace industry to enhance capacity to meet demands

Dutch Radio Antenna to Depart for Moon on Chinese Mission

Chinese Space Garbageman is not a Weapon

China to launch its largest carrier rocket later this year

China committed to peaceful use of outer space

Dawn Maps Ceres Craters Where Ice Can Accumulate

Rosetta Finale Set for 30 September

Elite Team to Consider New Approaches to Asteroid Danger

Chaotic Orbit of Comet Halley Explained

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement