http://EnergyTomorrow.org American Petroleum Institute (API) Chief Economist Dr. John Felmy discusses potential short-term economic impacts of an offshore drilling moratorium. For more information, visit http://EnergyTomorrow.org.
The Loop Current is an area of warm water that comes up from the Caribbean, flowing east past the Yucatan Peninsula and into the Gulf of Mexico. From there, it curves east across the Gulf and flows south parallel to Florida’s west coast, eventually wrapping around the state and moving into the Gulf Stream where it travels north along the Atlantic Coast.
Dispersants, which are cleaning agents similar to soaps and detergents, have been proven to be an effective aid in mitigating oil spills and reducing overall environmental impact. Decisions on their use should be made within the context of net environmental benefit.
API President and CEO Jack Gerard's testimony at the House Transportation and Infrastructure Committee hearing regarding the Oil Spill Liability Trust Fund (OSLTF) on June 9, 2010.
A critical first step in oil and natural gas production is the drilling of exploratory wells to determine the presence of oil and natural gas in the subsurface. The only way to know if oil and natural gas are present is by drilling. Advances in technology have enabled us to pinpoint more accurately where to drill exploratory wells.
All drilling rigs are equipped with well control systems, including a blowout preventer (BOP), which is designed to close and stop the flow of oil in an emergency. In many cases, rig operators may incorporate additional back-up methods as supplementary safeguards to close the well.
http://EnergyTomorrow.org Jack Gerard, President and CEO of the American Petroleum Institute (API) discusses the history of the oil and natural gas industry in the Gulf of Mexico, as well as the need to continue Gulf energy operations in the future. For more information, visit http://EnergyTomorrow.org.
http://EnergyTomorrow.org American Petroleum Institute (API) president and CEO Jack Gerard discusses the economic realities of exploring for oil and natural gas and the need for policymakers to strike a balance that does not discourage companies from investing in projects to produce the energy we need to fuel our economy. To learn more visit http://EnergyTomorrow.org.
http://EnergyTomorrow.org American Petroleum Institute (API) president and CEO Jack Gerard discusses the oil and natural gas industry's commitment to safety, as well as oil spill cleanup efforts in the Gulf of Mexico. On May 27, Jack Gerard appeared before the House Natural Resources Committee during the Full Committee Oversight Hearing on the "Outer Continental Shelf Oil And Gas Strategy And Implications Of The Deepwater Horizon Rig Explosion." For more information, visit http://EnergyTomorrow.org.
WASHINGTON, May 27 – In testimony prepared for today’s House Committee on Natural Resources hearing, API President and CEO Jack Gerard called the rig accident in the Gulf of Mexico “tragic and heartbreaking” and pledged to work with the Department of the Interior and others to understand the causes, correct them, and raise the bar on safety for the industry.