API holds ‘State of American Energy’ event
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
The American Petroleum Institute (API) recently held its annual ‘State of American Energy’ event, calling on policymakers to focus on a long-term energy plan that strengthens energy independence, seizes the US’ energy advantage and accelerates energy innovation.
API also announced its ‘Lights on Energy’ campaign to educate voters and policymakers on the fundamental truths around US energy and the path toward an affordable, reliable and cleaner future.
While historic US production is stabilising global markets, API President and CEO Mike Sommers discussed what it will take to maintain the US’ energy advantage:
“We produce more energy than any country in the world. This benefits our economy, our national security and is our insurance in a volatile time. This is our American energy advantage. It didn’t happen overnight, and it can’t be sustained without the right policies from Washington.
“To maintain America’s energy advantage going forward, policymakers must increase energy leasing in federal lands and waters, approve permits in a timely manner, and remove barriers to developing American energy.”
Oklahoma Governor Kevin Stitt provided a view from the states on the critical role of US energy leadership, and Senators Bill Cassidy (R-LA) and John Hickenlooper (D-CO) discussed the bipartisan path on energy in a divided Congress.
“Our leaders are placing the American energy advantage at risk for future generations,” Sommers said. “Together, Republicans, Democrats and Independents can provide a better way […] one that re-stores a bipartisan approach to energy. A strategy that increases access to resources, bolsters our infrastructure, and strengthens our security.”
API emphasised three core pillars of a long-term energy plan that is needed to change course:
- Energy access: the US’ record oil production today is largely due to policies from previous administrations. Washington can and should unite around US energy from diverse sources – including continued access to oil and natural gas.
- National security: geopolitical tensions highlight the critical role of reliable energy for national security. Short-sighted federal policies, which prioritise still-developing energy systems over proven ones, risk weakening our energy advantage.
- US infrastructure: lifting barriers to modern, innovative infrastructure development is critical to meet-ing long-term energy demand while accelerating climate progress.
To learn more about API’s 2024 policy agenda, click here.
For a copy of API President and CEO Mike Sommers’ remarks, click here.
View the API’s 'Lights on Energy' campaign here.
Read the article online at: https://www.hydrocarbonengineering.com/refining/11012024/api-holds-state-of-american-energy-event/
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