API urges this year's candidates to support domestic energy production

The American Petroleum Institute (API) recently reiterated the importance of the U.S. energy renaissance with an eye toward encouraging candidates during this election season to support the energy industry.

 

“The past decade of domestic oil and natural gas development has unlocked energy resources that have helped lower prices, strengthen our national security and made the U.S. the world leader in reducing carbon emissions, which are near 20-year lows,” API Executive Vice President Louis Finkel said. “We are not only leading the world in producing oil and natural gas, but we are leading on the environment.”

API cited a report from the U.S. State Department that indicates this boost in domestic production and use of natural gas has resulted in lower greenhouse gas emissions in the U.S. API also said increases in domestic production have not yet been fully realized and that the government should expand offshore development.

 “If we are going to continue to drive investment in America, create jobs and provide affordable energy, we must look to the future,” Finkel said. “We welcome continued discussion during this election about America’s long-term energy needs because we know it’s important to American voters.”