API has assembled informational primers to show the integral role the oil and natural gas industry plays in the American economy and quality of life.| www.api.org
The oil and natural gas industry shares a keen interest in the policy issues arena. As demand for energy to keep our homes, vehicles, and businesses running continues to increase, so does our advancement in technology, allowing us to provide safe, reliable, and affordable energy. While serious challenges face our nation on a variety of fronts, oil and natural gas industry representatives remain actively engaged with government leaders to ensure informed decision making so the energy needs of ...| www.api.org
The natural gas and oil industry is unified in our commitment to accelerating safety and environmental progress across its operations, while meeting global demand for affordable, reliable and cleaner energy.| www.api.org
Petroleum prices are determined by market forces of supply and demand, not individual companies, and the price of crude oil is the primary determinant of the price we pay at the pump. Oil prices are at a seven-year high amid a persistent global supply crunch, workforce constraints, increasing geopolitical instability in Eastern Europe, the economic rebound following the initial stages of the pandemic, and policy uncertainty from Washington. Policy choices matter. American producers are workin...| www.api.org
CHARLESTON, WV, May 16, 2023 — The American Petroleum Institute (API) today released new analysis on the growing economic contributions of America’s natural gas and oil industry in all 50 states, including investment in West Virginia ranging from taxes and workforce wages paid to indirect and induced jobs in retail, manufacturing, agriculture and other sectors throughout the energy supply chain. The study, commissioned by API and prepared by PricewaterhouseCoopers (PwC), showed that the i...| www.api.org
Since 1924, the American Petroleum Institute has been a cornerstone in establishing and maintaining standards for the worldwide oil and natural gas industry. Our work helps the industry invent and manufacture superior products consistently, provide critical services, ensure fairness in the marketplace for businesses and consumers alike, and promotes the acceptance of products and practices globally.| www.api.org