The People of America's Oil and Natural Gas Indusry

Digital Resources

Speech: The State of American Energy 2012

energytomorrow.org In a Jan. 4, 2012 speech delivered at Washington, DC's Newseum, API President and CEO Jack Gerard outlined The State of American Energy and discussed the oil and natural gas industry's perspectives on the vital issues surrounding energy and environmental policy at a critical time to our nation's economy. The oil and natural gas industry plays a significant role in US economic growth, job creation and providing the energy we need to meet future demand. With the right policies in place, the industry is poised to provide even more—more jobs, more revenue and more energy for our nation. The State of American Energy provides policy recommendations and an economic analysis for our leaders in Washington to help guide America's future energy policy. For more information, visit energytomorrow.org

Executive Summary: The State of American Energy 2012

At the start of 2012, high unemployment and stagnant economic growth continue to plague the nation. The U.S. oil and natural gas industry stands ready to address these challenges head-on by creating well-paying jobs, stimulating economic growth, and generating government revenues—all while improving America’s energy security. Thankfully, these critical goals can be achieved with sensible energy policies. America’s oil and natural gas industry is prepared to work with policymakers to create jobs, stimulate the economy and secure future energy.

Executive Summary: The State of the Offshore Oil and Gas Industry

As a result of the moratorium and uncertainty about future permitting, 11 drilling rigs, representing 14 projects, have left the Gulf of Mexico since April 2010. These rigs have gone to countries such as Brazil, Egypt and Angola with some rigs later relocating to the North Sea—taking a cumulative $21.4 billion of associated lost U.S. capital and operating investment with them. In addition, an estimated 91,000 jobs were lost, $18.3 billion of previously planned capital and operating expenditures did not occur in 2010 and 2011, and The EIA projects that Gulf oil production will be down more than 12 percent in 2012 over 2010.

American Views on Energy Policy

energytomorrow.org Americans give their opinions on the nation's energy policy and industry issues like access to oil and natural gas, energy security and job creation. For more information on the State of American Energy, visit http

Study: The State of the Offshore Oil and Gas Industry

Deepwater permits in the Gulf of Mexico are currently being issued at less than half the rate compared with pre-moratorium levels, and shallow water permits are being issued at rates 40 percent lower. In 2011, the United States is projected to account for only 6 percent, or 8 $8.9 billion, of global offshore oil and gas investment valued at $146 billion. Considering the discovered and undiscovered resources in place in the Gulf of Mexico, this figure of 6 percent is far lower than would be expected. Prior to the moratorium, the United States was projected to account for 12 percent of worldwide offshore oil and natural gas investment in 2011, which is much more in-line with the offshore resource base in the Gulf of Mexico.

Vote 4 Energy

America needs more energy from all sources to create jobs and get our economy moving. That means developing our plentiful domestic energy – like oil and natural gas – for new opportunities, a new era of energy security and a brighter future for all. That’s why so many Americans are becoming energy voters. They’re voting to reenergize America. They’re voting for American energy. To learn more about how to vote for energy visit Vote4Energy.org.

Vote 4 Energy

America needs more energy from all sources to create jobs and get our economy moving. That means developing our plentiful domestic energy – like oil and natural gas – for new opportunities, a new era of energy security and a brighter future for all. That’s why so many Americans are becoming energy voters. They’re voting to reenergize America. They’re voting for American energy. To learn more about how to vote for energy visit Vote4Energy.org.

Vote 4 Energy

America needs more energy from all sources to create jobs and get our economy moving. That means developing our plentiful domestic energy – like oil and natural gas – for new opportunities, a new era of energy security and a brighter future for all. That’s why so many Americans are becoming energy voters. They’re voting to reenergize America. They’re voting for American energy. To learn more about how to vote for energy visit Vote4Energy.org.

Vote 4 Energy

America needs more energy from all sources to create jobs and get our economy moving. That means developing our plentiful domestic energy – like oil and natural gas – for new opportunities, a new era of energy security and a brighter future for all. That’s why so many Americans are becoming energy voters. They’re voting to reenergize America. They’re voting for American energy. To learn more about how to vote for energy visit Vote4Energy.org.

Vote 4 Energy

www.vote4energy.org Americans are voting to reenergize America by increasing access to domestic energy resources, like oil and natural gas. Energy policy that supports developing America's own resources will increase job creation and energy security. For more information, visit http