America is experiencing an energy revival. We are now defined by an abundance of energy resources rather than a scarcity of them. This affords us the opportunity to think in terms of promise and potential. API’s 2014 State of American Energy provides the oil and natural gas industry’s perspective on policies and issues impacting America’s energy future. The right public policies can fuel America’s economic revival and improve our energy security for future generations through the safe and responsible production, refining, and transportation of our country’s oil and natural gas resources. We are committed to working with communities and policymakers to make these wise choices.
Jack Gerard State of American Energy Address
Jack Gerard, API President and CEO, outlines The State of American Energy and the role of the oil and natural gas industry in economic growth, job creation and energy security.
State of American Energy Report - 2014
This report highlights how America can choose a future where the oil and natural gas industry continues to contribute to our nation’s economic recovery and job creation; to develop and utilize state-of-the-art technologies to safely discover, extract, refine, and transport oil and natural gas; and to enable the U.S. to become a global energy superpower.
Oil & Natural Gas Transportation & Storage Infrastructure Study
Relative to today’s production realities, the existing energy transportation system is virtually upside down, and righting it will eliminate costly inefficiencies as well as generate substantial economic growth. Updating infrastructure to our new energy reality could generate an estimated $1.14 trillion in capital investments and will ripple through the U.S. economy creating jobs, increasing GDP and labor income, and boosting tax revenue to federal, state, and local governments.