Jack Gerard, API President and CEO has laid out smart energy polices that President Obama can take unilaterally to achieve his State of the Union goal of relieving income inequality.
Comments from Gerard
‘The American energy renaissance gives us a unique opportunity to revitalise our economy and become a global energy superpower while helping Americans get back to work. The president has the opportunity to seize this moment by approving the Keystone XL pipeline, opening up new areas for responsible energy development, and pulling back unnecessary and costly new regulations. These pro-growth energy policies would create millions of stable, good paying jobs, which is the American people’s number one priority. If the president is serious about combating income inequality, we must take full advantage of the opportunities in energy that are before us.
‘Unfortunately, the president called for increased taxes on the oil and natural gas industry he needs to close the income gap and create jobs. Punishing energy companies by raising taxes is not sound energy policy and could lead to less energy, less government revenue, and fewer jobs. The oil and natural gas industry already contributes US$ 85 million a day to the federal government, a larger contributor of government revenue than any other industry in the US.’
Adapted from press release by Claira Lloyd
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/29012014/api_smart_energy_policies/