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API comments further on State of the Union Address

Hydrocarbon Engineering,

Jack Gerard, API President and CEO has welcomed President Obama’s State of the Union Address, and the call Obama made to invest in more domestic oil and natural gas, saying that more development will create jobs and help the US become an energy superpower.


‘President Obama recognised the oil and natural gas industry as a robust economic engine that is investing in American jobs, generating billions of dollars for the government each year, and making out country more energy secure.

‘Even with the aggressive expansion of renewable and alternative energy, oil and natural gas will continue to provide the majority of the energy necessary to heat our homes, run our businesses, and fuel our cars for decades to come. We’re going to need all sources of energy to fuel a growing economy.

‘Unfortunately, 83% of the land and offshore areas controlled by the federal government are still off limits to oil and natural gas development. President Obama must follow through by implementing a national energy policy, lifting existing restrictions in support of responsible development of our vast energy resources, approving the Keystone XL pipeline, and standing up against unnecessary and burdensome regulations that chill economic growth.’

Adapted from press release by Claira Lloyd.

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