API Unveils Plan to Make, Move and Improve American Energy
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The American Petroleum Institute (API) President and CEO Mike Sommers released a new report and outlined the policies needed to make, move, and improve American energy and prioritize U.S. natural gas and oil as a long-term strategic asset during API’s annual State of American Energy event.
“The state of American energy is strong and resilient. But we need policies to enhance the American energy supply chain and not hinder it,” said President and CEO Mike Sommers in his keynote address at the event.
“The State of American Energy could be much stronger through bipartisan cooperation, a reversal of rhetoric from the Administration, and serious policies that encourage investment and enable development,” added Sommers.
During the event, featuring API executive vice president and chief advocacy officer Amanda Eversole, House Energy and Commerce Committee Chair Cathy McMorris Rodgers (WA-05), and U.S. Representatives Henry Cuellar (TX-28), Lizzie Fletcher (TX-07), and Mary Peltola (AK-AL), API announced a plan for the 118th Congress to make, move and improve America’s energy. As consumers face growing energy costs, API urges policymakers to take a more realistic approach and ensure that American natural gas and oil are prioritized as long-term strategic assets.
The theme of the 2023 State of American Energy, “The Solution is Here,” and the new report, focus on three main components:
• Make: Lifting restrictions on energy development in federal waters and lands could increase domestic energy
production and increase investment in the U.S. economy, according to a new Rystad study.
• Move: New pipeline infrastructure in the Northeast could add 4.6 bcf per day of natural gas and invest billions
locally.
• Improve: American energy is produced to among the highest environmental standards in the world and is
leading the way to a lower-carbon future.
“We know the solution is here. Government policy must reflect our resource abundance, our ability to build, and our willingness to get better every step of the way,” Sommers said.
“API and our industry are here for it. Ready to do the work. Ready to put in the time — this year, with this administration, with this new Congress — to craft and enact bipartisan policies to make, move, and improve American energy,” Sommers added.
View API’s 2023 State of American Energy digital report HERE and a copy of Mike Sommers’s keynote address HERE.
About API
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. Their approximately 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 800 standards to enhance operational and environmental safety, efficiency, and sustainability.
To stop by API’s website, CLICK HERE
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