Posted February 27, 2018
A fact-based conversation about America’s offshore strategy is critically important as policymakers make decisions that affect all Americans. Underscore the words “fact-based conversation.” While there’s passion associated with this issue, emotion can get in the way of sound policy – which is what we need for America’s energy and national security. Our vast offshore oil and natural gas potential has strategic, long-term importance and should be addressed accordingly with all voices, not just the loudest ones, heard.
Posted February 26, 2018
Posted February 23, 2018
In the natural gas and oil industry, measuring opportunity starts with 10.3 million – the number of jobs our industry supports. Because a job is economic livelihood for individual Americans and their households. They’re the avenue to something better.
Listen to Carmen Segovia talk about opportunity. She’s an advanced IT business analyst with Marathon Oil who recognizes that her professional success stems from hard work, family and opportunity within our industry to grow and prosper.
Posted February 22, 2018
Posted February 21, 2018
With negotiations to modernize the North American Free Trade Agreement (NAFTA) headed for a seventh round, let’s underscore what we’ve said to U.S. negotiators since the start of talks last year: While we support attempts to modernize NAFTA, negotiators must not harm key NAFTA provisions that have strengthened the United States’ – and North America’s – energy position for decades.
Posted February 16, 2018
U.S. crude oil production scored a perfect “10” in January – make that 10.2, to be precise, as in 10.2 million barrels per day (mbd). That record production, combined with a new high for refinery throughput and 6.3 mbd of crude oil and refined product exports, narrowed the price difference between U.S. and international crude prices last month and underscored the global impact of U.S. energy. All of this data and more may be found in API’s Monthly Statistical Report for January.
Posted February 15, 2018
Posted February 14, 2018
The natural gas and oil industry is continually evaluating the safety of its operations and products while developing research projects, technologies and practices that are designed to protect people and the environment. We acknowledge and appreciate that experts from the regulatory and scientific communities are also conducting studies with the same goals.
A recently published paper that associated endocrine disruption to chemicals used in hydraulic fracturing fluid generated some press attention. Yet, as we compare that study’s findings to other scientific literature, there’s a need for caution when interpreting “what if?” study findings.
Posted February 14, 2018
Climate activists are trying to rally folks around an extreme agenda of halting new fossil-fuel projects, denying natural gas and oil industry’s financial support by pressuring lenders and investors and pushing for a fast transition to renewable energy. (With New England and other parts of the U.S. shivering under winter conditions, agitating to deprive the U.S. of its two leading energy sources seems pretty tone deaf.) Well, let’s just say their caricature of our industry is all wrong.Today’s natural gas and oil is new, technologically advanced, forward-looking and committed to strengthening the communities where we operate. Our companies are environmentally active as never before – while producing the energy the United States needs today and will need tomorrow to build a better future. This isn’t your daddy’s oil.
Posted February 13, 2018