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From the ground to the pump... or the playing field... or the medicine cabinet... each and every day Americans rely on the products created by oil and natural gas. The world price of crude oil is the largest single factor in the price of gasoline. In fact, it accounts for more than half the cost. The remainder pays for refining the oil into gasoline, transporting the fuel and making it available at service stations. |
The oil and natural gas industry has worked hard to achieve a harmonious relationship with the environment and surrounding wildlife. In fact, the industry has invested nearly $100 billion in emerging technologies that allow offshore operations to be cleaner, safer and more efficient. Our nation needs a public policy framework that ensures future energy security for our nation. We need elected and appointed officials who understand the energy challenges we face. We need a greatercommitment to increased energy efficiency. |