The American Petroleum Institute has issued the following press release:
The American Petroleum Institute (API) issued the following statement from Senior Vice President of Policy, Economics and Regulatory Affairs Frank Macchiarola on the publication of the Department of the Interior’s review of the federal oil and gas leasing program.
“During one of the busiest travel weeks of the year when rising costs of energy are even more apparent to Americans, the Biden Administration is sending mixed signals. Days after a public speech in which the White House said the president ‘is using every tool available to him to work to lower prices and address the lack of supply’, his Interior Department proposed to increase costs on American energy development with no clear roadmap for the future of federal leasing.”
API represents all segments of America’s natural gas and oil industry, which supports more than 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Its nearly 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 700 standards to enhance operational and environmental safety, efficiency and sustainability.
