Economic policies will strengthen US energy industry, says API
Published by Anna Nicklin,
Assistant Editor
Hydrocarbon Engineering,
During his remarks today at a North Dakota oil refinery, API’s President and CEO, Jack Gerard, welcomed President Trump’s commitment to advancing US energy security through pro-growth tax reform and economic policies.
He commented: “In today’s speech, the President recognised the importance of America’s energy infrastructure and workers. The oil and natural gas industry knows the value of both as it continues response and recovery efforts in the wake of Hurricane Harvey and remains focused on the safety of its workers, communities, and the environment. Industry employees, many impacted personally by the storm, are working to safely bring production, pipeline and refining operations back on line to continue to meet the needs of American energy consumers.
“Our industry is committed to securing our critical energy infrastructure system, which has provided multiple supply lines and paths to help offset supply disruptions. It’s important that we have public policies that support additions and improvements to our energy infrastructure to help mitigate the impacts of one region. The industry’s ability to build and maintain infrastructure across the country to provide safe access to vital energy resources will benefit US consumers, manufacturers, and businesses.
“We welcome the President’s commitment to pro-growth tax reform, and look forward to working with the administration and Congress on continuing our nation’s energy leadership. Pro-growth tax reform and economic policies can further strengthen our energy infrastructure and benefit consumers. As an industry that invests billions in the US economy each year, pro-growth policies would allow us to accelerate these economic investments while keeping energy affordable. Private investment in our nation’s energy infrastructure could exceed US$1.3 trillion and support 1 million jobs annually through 2035.”
API is the only national trade association representing all facets of the oil and natural gas industry, which supports 10.3 million US jobs and nearly 8% of the US economy.
Read the article online at: https://www.hydrocarbonengineering.com/special-reports/07092017/economic-policies-will-strengthen-us-energy-industry-says-api/
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